ProPetro Holding Corp. (NYSE:PUMP) Shares Bought by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its holdings in ProPetro Holding Corp. by 57.8%, owning 172,403 shares worth approximately $1.27 million as of its latest SEC filing.
• ProPetro's stock currently has an average rating of "Hold" with a consensus price target of $9.00, despite a recent earnings miss that reported a loss of ($0.07) EPS.
• The company operates as an integrated oilfield services provider primarily in the Permian Basin, offering services such as hydraulic fracturing and cementing.

New Age Alpha Advisors LLC increased its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 57.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,403 shares of the company's stock after purchasing an additional 63,120 shares during the quarter. New Age Alpha Advisors LLC owned 0.17% of ProPetro worth $1,267,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in ProPetro during the 4th quarter worth approximately $94,000. Tower Research Capital LLC TRC increased its position in ProPetro by 101.7% during the 4th 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 in the last quarter. Syon Capital LLC acquired a new stake in ProPetro during the 4th quarter worth approximately $108,000. Freestone Grove Partners LP acquired a new stake in ProPetro in the fourth quarter valued at approximately $112,000. Finally, Teacher Retirement System of Texas acquired a new stake in ProPetro in the first quarter valued at approximately $89,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Analyst Ratings Changes

PUMP has been the subject of several recent research reports. Stifel Nicolaus set a $10.00 price objective on shares of ProPetro and gave the company a "buy" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lowered their price objective on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Finally, Piper Sandler initiated coverage on shares of ProPetro in a research report on Monday, July 14th. They issued a "neutral" rating and a $7.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, ProPetro presently has an average rating of "Hold" and a consensus price target of $9.00.

ProPetro Stock Performance

ProPetro stock opened at $4.62 on Friday. The stock has a market cap of $479.82 million, a P/E ratio of -3.14 and a beta of 1.18. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $5.98 and a 200-day moving average of $6.66. ProPetro Holding Corp. has a 52 week low of $4.61 and a 52 week high of $11.17.

ProPetro (NYSE:PUMP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). The business had revenue of $326.15 million for the quarter, compared to analysts' expectations of $331.26 million. ProPetro had a negative net margin of 11.10% and a positive return on equity of 1.84%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) earnings per share. On average, analysts expect that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

ProPetro Profile

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.

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