ProPetro Holding Corp. (NYSE:PUMP) COO Adam Munoz Sells 42,573 Shares

ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) COO Adam Munoz sold 42,573 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.28, for a total transaction of $395,077.44. Following the completion of the sale, the chief operating officer now directly owns 58,134 shares of the company's stock, valued at $539,483.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ProPetro Stock Up 3.3 %

Shares of PUMP traded up $0.31 during midday trading on Monday, hitting $9.60. The company had a trading volume of 1,634,865 shares, compared to its average volume of 1,592,803. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.12 and a current ratio of 1.18. ProPetro Holding Corp. has a 1 year low of $6.47 and a 1 year high of $11.37. The firm has a market capitalization of $1.03 billion, a P/E ratio of 14.33 and a beta of 2.09. The company's 50-day simple moving average is $8.10 and its 200-day simple moving average is $8.47.

ProPetro (NYSE:PUMP - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.10. The firm had revenue of $405.84 million for the quarter, compared to analyst estimates of $393.11 million. ProPetro had a return on equity of 7.62% and a net margin of 4.76%. The business's revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. As a group, sell-side analysts expect that ProPetro Holding Corp. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PUMP shares. TheStreet lowered ProPetro from a "b-" rating to a "c+" rating in a research report on Monday, January 8th. Barclays increased their target price on ProPetro from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Benchmark reissued a "hold" rating on shares of ProPetro in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $13.33.

Institutional Investors Weigh In On ProPetro

A number of hedge funds and other institutional investors have recently made changes to their positions in PUMP. Signaturefd LLC lifted its stake in shares of ProPetro by 47.1% in the fourth quarter. Signaturefd LLC now owns 7,935 shares of the company's stock worth $66,000 after acquiring an additional 2,542 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of ProPetro during the fourth quarter valued at approximately $90,000. 9258 Wealth Management LLC bought a new position in ProPetro in the 1st quarter worth approximately $100,000. Quadrant Capital Group LLC grew its holdings in ProPetro by 60.0% in the 4th quarter. Quadrant Capital Group LLC now owns 12,136 shares of the company's stock worth $102,000 after buying an additional 4,550 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in ProPetro in the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

About ProPetro

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.