Situational Awareness LP Purchases 1,050,082 Shares of ProPetro Holding Corp. $PUMP

Situational Awareness LP boosted its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 115.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,960,382 shares of the company’s stock after buying an additional 1,050,082 shares during the quarter. ProPetro makes up approximately 0.1% of Situational Awareness LP’s investment portfolio, making the stock its 20th largest position. Situational Awareness LP owned 1.60% of ProPetro worth $28,112,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of ProPetro by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock worth $139,000 after purchasing an additional 944 shares during the last quarter. FourThought Financial Partners LLC grew its position in shares of ProPetro by 3.1% during the 4th quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company’s stock worth $578,000 after buying an additional 1,840 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 acquiring an additional 2,230 shares in the last quarter. Jane Street Group LLC grew its holdings in ProPetro by 1.4% in the first quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock worth $1,648,000 after purchasing an additional 3,100 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in ProPetro by 6.3% in the first quarter. Lazard Asset Management LLC now owns 54,637 shares of the company’s stock worth $787,000 after purchasing an additional 3,219 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ProPetro news, Director G Lawrence sold 35,831 shares of ProPetro stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director directly owned 28,181 shares of the company’s stock, valued at $314,499.96. The trade was a 55.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Adam Muñoz sold 70,696 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total transaction of $789,674.32. Following the completion of the sale, the chief operating officer owned 148,691 shares of the company’s stock, valued at approximately $1,660,878.47. The trade was a 32.22% decrease in their position. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by insiders.

ProPetro Stock Performance

Shares of PUMP opened at $11.22 on Friday. The firm has a market capitalization of $1.38 billion, a P/E ratio of -102.00 and a beta of 0.77. ProPetro Holding Corp. has a 52 week low of $4.52 and a 52 week high of $18.50. The stock has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $13.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.00 and a current ratio of 4.09.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $305.81 million for the quarter, compared to analysts’ expectations of $304.48 million. ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. Equities analysts forecast that ProPetro Holding Corp. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PUMP. Piper Sandler dropped their price objective on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Stifel Nicolaus reduced their target price on ProPetro from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Barclays decreased their target price on ProPetro from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 price target on shares of ProPetro in a research note on Wednesday, June 3rd. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, ProPetro presently has a consensus rating of “Moderate Buy” and an average target price of $16.12.

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.