J. Goldman & Co LP bought a new stake in ProPetro Holding Corp. (NYSE:PUMP – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 120,000 shares of the company’s stock, valued at approximately $1,721,000. J. Goldman & Co LP owned about 0.10% of ProPetro at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PUMP. Assenagon Asset Management S.A. acquired a new position in ProPetro during the 2nd quarter worth about $18,700,000. Y Intercept Hong Kong Ltd acquired a new stake in ProPetro in the 1st quarter valued at about $2,045,000. Jefferies Financial Group Inc. bought a new position in shares of ProPetro in the fourth quarter worth about $3,085,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of ProPetro by 561.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,653,600 shares of the company’s stock worth $23,828,000 after acquiring an additional 1,403,600 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of ProPetro by 7.5% during the fourth quarter. First Eagle Investment Management LLC now owns 487,333 shares of the company’s stock worth $4,635,000 after purchasing an additional 34,000 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at ProPetro
In other ProPetro news, COO Adam Munoz sold 70,696 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 148,691 shares in the company, valued at approximately $1,660,878.47. This represents a 32.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Larry Lawrence sold 35,831 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the transaction, the director owned 28,181 shares of the company’s stock, valued at approximately $314,499.96. The trade was a 55.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on PUMP
ProPetro Stock Performance
Shares of ProPetro stock opened at $10.62 on Wednesday. The firm has a fifty day moving average of $12.52 and a two-hundred day moving average of $13.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.00 and a current ratio of 4.09. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -96.56 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.
ProPetro (NYSE:PUMP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The firm had revenue of $305.81 million during the quarter, compared to analyst estimates of $304.48 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that ProPetro Holding Corp. will post -0.09 EPS for the current year.
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.
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