Tudor Investment Corp ET AL Acquires Shares of 435,103 ProPetro Holding Corp. $PUMP

Key Points

• Tudor Investment Corp bought 435,103 shares (~$2.28M) of ProPetro in Q3, now owning about 0.42% of the company, and institutional/hedge funds collectively own roughly 84.7% of the stock.
• Several brokerages have raised ratings and targets (e.g., JPMorgan to Overweight with a $13 target), but the MarketBeat consensus remains a Hold with a $12.83 price target.
• ProPetro recently beat quarterly expectations with EPS of $0.01 (vs. -$0.13 est.) and $289.7M revenue, and the stock trades around $14.68 with a market cap near $1.79B.

Tudor Investment Corp ET AL bought a new stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 435,103 shares of the company's stock, valued at approximately $2,280,000. Tudor Investment Corp ET AL owned 0.42% of ProPetro as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Trek Financial LLC acquired a new position in ProPetro in the third quarter valued at about $57,000. Dark Forest Capital Management LP acquired a new stake in ProPetro during the third quarter worth about $57,000. MQS Management LLC acquired a new stake in ProPetro during the third quarter worth about $58,000. PharVision Advisers LLC bought a new position in ProPetro in the 2nd quarter valued at about $60,000. Finally, Raymond James Financial Inc. bought a new position in ProPetro in the 2nd quarter valued at about $60,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PUMP. Barclays upped their price target on shares of ProPetro from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. upgraded shares of ProPetro from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $7.00 to $13.00 in a research report on Wednesday, December 10th. Weiss Ratings restated a "sell (d-)" rating on shares of ProPetro in a research note on Monday, December 29th. Piper Sandler raised their target price on ProPetro from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, January 14th. Finally, Wolfe Research upgraded ProPetro to a "buy" rating and set a $13.00 price target on the stock in a research note on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, ProPetro presently has an average rating of "Hold" and a consensus target price of $12.83.

ProPetro Trading Up 0.1%

PUMP opened at $14.68 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of 1,467.90 and a beta of 0.70. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $12.29 and its 200-day moving average is $9.66. ProPetro Holding Corp. has a 1-year low of $4.51 and a 1-year high of $15.18.

ProPetro (NYSE:PUMP - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $279.90 million. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The firm's quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.17) EPS. Equities research analysts predict that ProPetro Holding Corp. will post 0.25 earnings per share 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.

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