ProPetro Holding Corp. $PUMP Shares Purchased by Towle & Co.

Towle & Co. boosted its stake in shares of ProPetro Holding Corp. (NYSE:PUMP) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,129,914 shares of the company’s stock after acquiring an additional 116,260 shares during the quarter. Towle & Co. owned 1.09% of ProPetro worth $5,921,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PUMP. Sourcerock Group LLC grew its stake in shares of ProPetro by 66.4% during the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock worth $50,198,000 after purchasing an additional 3,355,848 shares during the period. JPMorgan Chase & Co. grew its position in ProPetro by 103.4% during the third quarter. JPMorgan Chase & Co. now owns 1,648,055 shares of the company’s stock valued at $8,636,000 after buying an additional 837,776 shares during the period. HRT Financial LP acquired a new stake in ProPetro during the second quarter valued at $2,042,000. Y Intercept Hong Kong Ltd purchased a new position in ProPetro in the third quarter valued at $1,569,000. Finally, Prudential Financial Inc. raised its position in shares of ProPetro by 256.5% in the second quarter. Prudential Financial Inc. now owns 377,904 shares of the company’s stock worth $2,256,000 after acquiring an additional 271,906 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Barclays reiterated a “neutral” rating on shares of ProPetro in a research report on Wednesday, December 17th. Citigroup boosted their price objective on ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, December 10th. Finally, Piper Sandler lifted their price target on shares of ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.67.

ProPetro Price Performance

ProPetro stock opened at $11.23 on Friday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 1,123.20 and a beta of 0.77. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. ProPetro Holding Corp. has a 52-week low of $4.51 and a 52-week high of $13.25. The company has a fifty day simple moving average of $10.41 and a 200-day simple moving average of $8.16.

ProPetro (NYSE:PUMP) last issued its earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. The business had revenue of $289.68 million during the quarter, compared to the consensus estimate of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the company earned ($0.17) EPS. On average, equities analysts anticipate that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal 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.