124,611 Shares in ProPetro Holding Corp. $PUMP Purchased by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in ProPetro Holding Corp. (NYSE:PUMP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 124,611 shares of the company’s stock, valued at approximately $1,796,000. OP Asset Management Ltd owned approximately 0.10% of ProPetro as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PUMP. Tudor Investment Corp ET AL bought a new position in shares of ProPetro in the third quarter valued at approximately $2,280,000. Quantbot Technologies LP raised its holdings in ProPetro by 50.5% during the third quarter. Quantbot Technologies LP now owns 262,804 shares of the company’s stock worth $1,377,000 after purchasing an additional 88,152 shares in the last quarter. American Century Companies Inc. raised its holdings in ProPetro by 5.4% during the third quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock worth $19,644,000 after purchasing an additional 192,638 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ProPetro by 103.4% in the third quarter. JPMorgan Chase & Co. now owns 1,648,055 shares of the company’s stock worth $8,636,000 after purchasing an additional 837,776 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in ProPetro in the fourth quarter worth approximately $3,085,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Trading Down 0.5%

ProPetro stock opened at $14.72 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.57 and a current ratio of 1.64. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -133.84 and a beta of 0.70. ProPetro Holding Corp. has a 1 year low of $4.51 and a 1 year high of $18.50. The firm’s 50 day moving average price is $15.86 and its two-hundred day moving average price is $13.18.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The company had revenue of $270.69 million during the quarter, compared to the consensus estimate of $277.49 million. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The company’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, research analysts predict that ProPetro Holding Corp. will post -0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on ProPetro from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $16.00 price objective on shares of ProPetro in a report on Wednesday, June 3rd. Weiss Ratings cut ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Piper Sandler lifted their target price on ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Odeon Capital Group began coverage on shares of ProPetro in a research report on Thursday, May 28th. They issued a “buy” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ProPetro currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.62.

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.