ProPetro Holding Corp. $PUMP Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 50.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 262,804 shares of the company’s stock after buying an additional 88,152 shares during the period. Quantbot Technologies LP owned 0.25% of ProPetro worth $1,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PUMP. Mutual Advisors LLC raised its stake in ProPetro by 1.2% during the 3rd quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock valued at $864,000 after acquiring an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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. Profund Advisors LLC lifted its holdings in shares of ProPetro by 14.2% during the third quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after purchasing an additional 2,355 shares during the period. Franklin Resources Inc. grew its position in ProPetro by 4.4% in the 2nd quarter. Franklin Resources Inc. now owns 56,941 shares of the company’s stock valued at $340,000 after buying an additional 2,418 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in ProPetro by 1.4% in the 1st quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock valued at $1,648,000 after buying an additional 3,100 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ProPetro Trading Up 1.0%

Shares of PUMP opened at $12.61 on Friday. ProPetro Holding Corp. has a twelve month low of $4.51 and a twelve month high of $13.25. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.54 billion, a P/E ratio of 1,261.00 and a beta of 0.70. The firm’s 50-day moving average is $10.89 and its two-hundred day moving average is $8.61.

ProPetro (NYSE:PUMP) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. The business had revenue of $289.68 million for the quarter, compared to analyst estimates of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The company’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.17) EPS. On average, research analysts predict that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

ProPetro Company 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.