Empowered Funds LLC Has $16.28 Million Stock Holdings in ProPetro Holding Corp. $PUMP

Empowered Funds LLC grew its stake in ProPetro Holding Corp. (NYSE:PUMPFree Report) by 44.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,130,021 shares of the company’s stock after purchasing an additional 347,304 shares during the quarter. Empowered Funds LLC’s holdings in ProPetro were worth $16,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. ProShare Advisors LLC lifted its stake in ProPetro by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock valued at $139,000 after purchasing an additional 944 shares during the last quarter. FourThought Financial Partners LLC lifted its stake 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 acquiring an additional 2,230 shares during the period. Jane Street Group LLC lifted its holdings in ProPetro by 1.4% during the 1st 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 last quarter. Finally, Lazard Asset Management LLC boosted its stake in ProPetro by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 54,637 shares of the company’s stock valued at $787,000 after purchasing an additional 3,219 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Trading Down 0.8%

NYSE PUMP opened at $10.70 on Wednesday. The business’s fifty day moving average is $14.28 and its 200 day moving average is $13.66. ProPetro Holding Corp. has a twelve month low of $4.51 and a twelve month high of $18.50. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -97.30 and a beta of 0.72. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 0.08.

ProPetro (NYSE:PUMPGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.09. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. The company had revenue of $270.69 million for the quarter, compared to analysts’ expectations of $277.49 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. ProPetro’s revenue for the quarter was down 24.6% on a year-over-year basis. As a group, sell-side analysts expect that ProPetro Holding Corp. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PUMP shares. Odeon Capital Group began coverage on shares of ProPetro in a research report on Thursday, May 28th. They set a “buy” rating on the stock. Barclays upgraded ProPetro from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $14.00 to $23.00 in a research note on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price target on shares of ProPetro in a research report on Wednesday, June 3rd. Stifel Nicolaus set a $23.00 price objective on ProPetro in a research note on Thursday, July 2nd. Finally, Weiss Ratings lowered shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Seven 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. Based on data from MarketBeat.com, ProPetro has an average rating of “Moderate Buy” and a consensus target price of $18.25.

View Our Latest Stock Analysis on PUMP

ProPetro Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ProPetro (NYSE:PUMP)

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