Tudor Investment Corp ET AL Acquires New Shares in ProPetro Holding Corp. $PUMP

Tudor Investment Corp ET AL acquired a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 435,103 shares of the company’s stock, valued at approximately $2,280,000.

Several other large investors have also recently bought and sold shares of PUMP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after purchasing an additional 2,230 shares during the last quarter. Millennium Management LLC raised its holdings in ProPetro by 44.6% in the 1st quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock valued at $5,408,000 after buying an additional 226,914 shares during the last quarter. Jones Financial Companies Lllp boosted its position in ProPetro by 16,264.8% during the 1st quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock worth $198,000 after buying an additional 26,837 shares during the period. Goldman Sachs Group Inc. boosted its position in ProPetro by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock worth $4,483,000 after buying an additional 21,519 shares during the period. Finally, Caxton Associates LLP bought a new stake in ProPetro during the 1st quarter worth approximately $272,000. 84.70% of the stock is currently owned by institutional investors.

ProPetro Stock Up 0.1%

ProPetro stock opened at $14.68 on Friday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 1,467.90 and a beta of 0.70. ProPetro Holding Corp. has a 52-week low of $4.51 and a 52-week high of $15.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. The firm has a 50 day moving average price of $12.29 and a two-hundred day moving average price of $9.66.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The company had revenue of $289.68 million for the quarter, compared to analyst estimates of $279.90 million. During the same period in the prior year, the firm posted ($0.17) EPS. The company’s quarterly revenue was down 9.6% on a year-over-year basis. Equities analysts predict that ProPetro Holding Corp. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on PUMP. Barclays upped their price target on shares of ProPetro from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 25th. Wolfe Research raised shares of ProPetro to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. JPMorgan Chase & Co. raised ProPetro from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $7.00 to $13.00 in a research report on Wednesday, December 10th. Finally, Piper Sandler lifted their target price on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.83.

ProPetro Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.