Deutsche Bank AG Acquires New Position in ProPetro Holding Corp. $PUMP

Key Points

• Deutsche Bank acquired 1.2 million ProPetro shares worth approximately $17.2 million, giving it a 0.98% stake. Institutional investors collectively owned 84.7% of PUMP at the end of the quarter.
• ProPetro reported a quarterly loss of $0.07 per share, missing estimates, while revenue of $305.8 million slightly exceeded expectations and declined 6.3% year over year. Analysts expect the company to post a $0.09-per-share loss for the current year.
• Analysts maintain a generally positive view, with eight Buy ratings and an average price target of $16.50, despite several recent target-price cuts. Meanwhile, two insiders sold shares, reducing their holdings, and the stock opened at $11.35.

Deutsche Bank AG acquired a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,199,340 shares of the company's stock, valued at approximately $17,199,000. Deutsche Bank AG owned about 0.98% of ProPetro at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PUMP. Assenagon Asset Management S.A. acquired a new stake in shares of ProPetro during the 2nd quarter worth approximately $18,700,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of ProPetro during the 1st quarter valued at approximately $2,045,000. Jefferies Financial Group Inc. acquired a new position in ProPetro in the fourth quarter valued at approximately $3,085,000. First Eagle Investment Management LLC lifted its holdings in ProPetro by 7.5% in the fourth quarter. First Eagle Investment Management LLC now owns 487,333 shares of the company's stock valued at $4,635,000 after acquiring an additional 34,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in 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 valued at $23,828,000 after acquiring an additional 1,403,600 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

More ProPetro News

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: Dual listing expands visibility: ProPetro announced plans for a dual listing on NYSE Texas in addition to its existing New York Stock Exchange listing. The move could improve the company’s visibility among investors and reinforce its Texas-based identity. ProPetro Announces Dual Listing on NYSE Texas
• Positive Sentiment: Long-term earnings outlook improved: Zacks Research raised its FY2028 EPS forecast to $1.06 from $1.01, while increasing its estimates for Q2 2027 to $0.05 from $0.04 and Q1 2028 to $0.16 from $0.15. These revisions suggest analysts see potential for a meaningful recovery in profitability beyond 2026.
• Neutral Sentiment: Current-year outlook remains weak: Zacks’ FY2026 forecast is now a loss of $0.06 per share, matching the broader consensus estimate. The company’s latest reported quarter also showed a $0.07 per-share loss, although revenue of $305.8 million was slightly above expectations.
• Negative Sentiment: Near-term estimates were cut: Zacks reduced its Q3 2026 EPS forecast to $0.01 from $0.02, Q4 2026 to $0.03 from $0.04, and Q3 2027 to $0.05 from $0.06. The revisions point to softer expected profitability in the next several reporting periods.

ProPetro Stock Up 0.2%

ProPetro stock opened at $11.35 on Friday. The company has a market capitalization of $1.39 billion, a PE ratio of -103.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.00 and a current ratio of 4.09. ProPetro Holding Corp. has a fifty-two week low of $4.52 and a fifty-two week high of $18.50. The firm has a 50 day moving average price of $12.69 and a 200 day moving average price of $13.76.

ProPetro (NYSE:PUMP - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) 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 analyst estimates of $304.48 million. During the same quarter last year, the company earned ($0.07) earnings per share. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts expect that ProPetro Holding Corp. will post -0.09 earnings per share for the current year.

Insider Buying and Selling at ProPetro

In related news, 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 transaction of $399,873.96. Following the transaction, the director owned 28,181 shares of the company's stock, valued at approximately $314,499.96. This represents a 55.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adam Munoz sold 70,696 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total value 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 trade represents a 32.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on PUMP. Barclays cut their target price on ProPetro from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Odeon Capital Group assumed coverage on ProPetro in a research note on Thursday, May 28th. They issued a "buy" rating on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $16.00 price target on shares of ProPetro in a report on Wednesday, June 3rd. Stifel Nicolaus cut their price objective on ProPetro from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Finally, Piper Sandler reduced their price objective on shares of ProPetro from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.50.

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.

Want to see what other hedge funds are holding PUMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProPetro Holding Corp. (NYSE:PUMP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source