GeoSphere Capital Management LLC Purchases New Stake in ProPetro Holding Corp. $PUMP

GeoSphere Capital Management LLC purchased a new stake in ProPetro Holding Corp. (NYSE:PUMP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the company’s stock, valued at approximately $2,853,000. ProPetro comprises about 0.9% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in ProPetro during the second quarter worth $60,000. Tower Research Capital LLC TRC increased its stake in ProPetro by 70.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after acquiring an additional 4,461 shares during the last quarter. Trek Financial LLC acquired a new stake in ProPetro during the third quarter worth $57,000. Dark Forest Capital Management LP acquired a new stake in ProPetro during the third quarter worth $57,000. Finally, MQS Management LLC acquired a new stake in ProPetro during the third quarter worth $58,000. 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. Barclays raised ProPetro from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $23.00 in a research note on Thursday, May 7th. Weiss Ratings cut ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Citigroup raised their target price on ProPetro from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Piper Sandler raised their target price on ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Bank of America initiated coverage on ProPetro in a research note on Monday, March 30th. They set a “buy” rating and a $18.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.50.

ProPetro Trading Down 0.3%

Shares of NYSE PUMP opened at $16.89 on Monday. ProPetro Holding Corp. has a twelve month low of $4.51 and a twelve month high of $18.50. The company has a current ratio of 1.64, a quick ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $15.36 and a 200-day simple moving average of $12.27. The stock has a market capitalization of $2.07 billion, a PE ratio of -153.55 and a beta of 0.75.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The business had revenue of $270.69 million during the quarter, compared to analysts’ expectations of $277.49 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was down 24.6% on a year-over-year basis. On average, equities analysts forecast that ProPetro Holding Corp. will post -0.08 earnings per share for the current 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.