Boothbay Fund Management LLC purchased a new stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 85,257 shares of the company's stock, valued at approximately $795,000. Boothbay Fund Management LLC owned 0.08% of ProPetro at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in PUMP. Smartleaf Asset Management LLC raised its position in shares of ProPetro by 205.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock worth $28,000 after buying an additional 2,005 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock valued at $41,000 after acquiring an additional 1,225 shares during the last quarter. KBC Group NV grew its stake in ProPetro by 90.5% in the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after buying an additional 3,821 shares in the last quarter. Raymond James Financial Inc. bought a new position in ProPetro in the fourth quarter valued at $94,000. Finally, Tower Research Capital LLC TRC lifted its stake in ProPetro by 101.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,452 shares of the company's stock worth $98,000 after purchasing an additional 5,270 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on PUMP shares. Barclays lowered their price objective on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Citigroup raised their target price on ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price target on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.50.
Check Out Our Latest Analysis on PUMP
ProPetro Stock Down 4.3 %
Shares of PUMP traded down $0.24 during trading hours on Monday, hitting $5.28. The company had a trading volume of 385,693 shares, compared to its average volume of 1,754,286. ProPetro Holding Corp. has a 52-week low of $4.61 and a 52-week high of $11.17. The firm has a fifty day moving average price of $6.38 and a 200-day moving average price of $7.97. The stock has a market capitalization of $547.46 million, a price-to-earnings ratio of -3.94 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31.
ProPetro (NYSE:PUMP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The company had revenue of $359.42 million during the quarter, compared to the consensus estimate of $344.36 million. During the same period last year, the company earned $0.18 EPS. ProPetro's revenue for the quarter was down 11.4% on a year-over-year basis. On average, equities research analysts forecast that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.
About ProPetro
(
Free Report)
ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.
Further Reading
Before you consider ProPetro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProPetro wasn't on the list.
While ProPetro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
