ProPetro Holding Corp. $PUMP Stake Lowered by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its stake in shares of ProPetro Holding Corp. (NYSE:PUMP) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 742,620 shares of the company’s stock after selling 189,850 shares during the quarter. Dana Investment Advisors Inc.’s holdings in ProPetro were worth $7,062,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PUMP. Trek Financial LLC bought a new position in shares of ProPetro during the third quarter valued at approximately $57,000. Dark Forest Capital Management LP bought a new position in ProPetro in the 3rd quarter worth approximately $57,000. MQS Management LLC bought a new position in ProPetro in the 3rd quarter worth approximately $58,000. Raymond James Financial Inc. bought a new position in ProPetro in the 2nd quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC grew its holdings in ProPetro by 70.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after buying an additional 4,461 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays raised ProPetro from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $23.00 in a report on Thursday, May 7th. The Goldman Sachs Group assumed coverage on ProPetro in a report on Friday, April 10th. They issued a “neutral” rating and a $15.00 price objective for the company. Weiss Ratings lowered ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Bank of America assumed coverage on ProPetro in a report on Monday, March 30th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Citigroup increased their price objective on ProPetro from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.13.

ProPetro Stock Performance

PUMP opened at $17.49 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -158.95 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57. ProPetro Holding Corp. has a 1-year low of $4.51 and a 1-year high of $18.50. The business has a 50 day moving average price of $14.87 and a two-hundred day moving average price of $11.98.

ProPetro (NYSE:PUMP) last released its earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The firm had revenue of $270.69 million during the quarter, compared to the consensus estimate of $277.49 million. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The firm’s revenue for the quarter was down 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Research analysts predict that ProPetro Holding Corp. will post -0.1 EPS for the current fiscal year.

About ProPetro

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.