ProPetro Holding Corp. $PUMP Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of ProPetro Holding Corp. (NYSE:PUMP) by 25.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 130,194 shares of the company’s stock after selling 45,588 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ProPetro were worth $1,867,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in ProPetro during the 4th quarter valued at about $56,000. Dark Forest Capital Management LP purchased a new stake in ProPetro during the third quarter worth about $57,000. Raymond James Financial Inc. acquired a new stake in shares of ProPetro during the second quarter worth about $60,000. Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 4,461 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of ProPetro during the second quarter worth about $74,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Stock Performance

NYSE PUMP opened at $11.41 on Friday. The company has a fifty day moving average of $11.79 and a two-hundred day moving average of $13.74. The company has a market capitalization of $1.40 billion, a PE ratio of -103.69 and a beta of 0.77. ProPetro Holding Corp. has a 1 year low of $4.64 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.09 and a quick ratio of 4.00.

ProPetro (NYSE:PUMP) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%.The firm had revenue of $305.81 million for the quarter, compared to analysts’ expectations of $304.48 million. During the same quarter in the prior year, the business earned ($0.07) EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that ProPetro Holding Corp. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at ProPetro

In related news, COO Adam Muñoz sold 70,696 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total transaction of $789,674.32. Following the transaction, the chief operating officer owned 148,691 shares of the company’s stock, valued at $1,660,878.47. This represents a 32.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director G Lawrence sold 35,831 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director directly owned 28,181 shares in the company, valued at approximately $314,499.96. This trade represents a 55.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PUMP shares. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a research note on Friday, July 31st. Stifel Nicolaus reduced their price objective on ProPetro from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen lowered ProPetro from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 target price on shares of ProPetro in a research note on Wednesday, June 3rd. Finally, Piper Sandler cut their price target on ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.12.

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.