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

Quantbot Technologies LP lifted its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 50.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 262,804 shares of the company’s stock after buying an additional 88,152 shares during the quarter. Quantbot Technologies LP’s holdings in ProPetro were worth $1,377,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Trek Financial LLC purchased a new stake in ProPetro in the 3rd quarter worth approximately $57,000. MQS Management LLC acquired a new stake in shares of ProPetro during the third quarter worth $58,000. PharVision Advisers LLC purchased a new stake in shares of ProPetro in the second quarter valued at $60,000. Raymond James Financial Inc. acquired a new position in ProPetro in the second quarter valued at $60,000. Finally, Tower Research Capital LLC TRC increased its stake in ProPetro by 70.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock valued at $64,000 after purchasing an additional 4,461 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

PUMP has been the subject of several recent analyst reports. Wolfe Research upgraded ProPetro to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, December 10th. 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 report on Wednesday, January 14th. Barclays boosted their target price on shares of 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 shares of ProPetro from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $7.00 to $13.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ProPetro currently has a consensus rating of “Hold” and an average target price of $12.83.

ProPetro Trading Up 1.0%

NYSE PUMP opened at $12.61 on Friday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 1,261.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. ProPetro Holding Corp. has a one year low of $4.51 and a one year high of $13.25. The company’s 50 day moving average price is $10.89 and its 200 day moving average price is $8.61.

ProPetro (NYSE:PUMP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $279.90 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, sell-side analysts predict that ProPetro Holding Corp. will post 0.25 EPS for the current 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.