ProPetro Holding Corp. (NYSE:PUMP - Get Free Report)'s share price was up 4.9% during trading on Wednesday . The company traded as high as $8.39 and last traded at $8.36. Approximately 415,503 shares were traded during trading, a decline of 72% from the average daily volume of 1,491,588 shares. The stock had previously closed at $7.97.
Analyst Ratings Changes
A number of equities analysts recently commented on PUMP shares. Benchmark lowered ProPetro from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. TheStreet lowered ProPetro from a "b-" rating to a "c+" rating in a research note on Monday, January 8th.
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ProPetro Price Performance
The stock has a fifty day moving average price of $7.80 and a 200-day moving average price of $8.74. The firm has a market capitalization of $918.08 million, a PE ratio of 11.31 and a beta of 2.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.08 and a current ratio of 1.15.
ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.24). ProPetro had a net margin of 5.25% and a return on equity of 10.26%. The company had revenue of $347.80 million during the quarter, compared to analysts' expectations of $351.50 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company's revenue was down .3% compared to the same quarter last year. Sell-side analysts forecast that ProPetro Holding Corp. will post 0.48 EPS for the current fiscal year.
Institutional Trading of ProPetro
A number of institutional investors have recently made changes to their positions in the business. Chilton Capital Management LLC acquired a new stake in ProPetro during the 1st quarter worth about $33,000. Quarry LP lifted its position in ProPetro by 119.4% during the 2nd quarter. Quarry LP now owns 5,611 shares of the company's stock worth $46,000 after acquiring an additional 3,054 shares during the period. US Bancorp DE lifted its position in ProPetro by 32.3% during the 2nd quarter. US Bancorp DE now owns 6,035 shares of the company's stock worth $50,000 after acquiring an additional 1,472 shares during the period. Signaturefd LLC lifted its position in ProPetro by 47.1% during the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company's stock worth $66,000 after acquiring an additional 2,542 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in ProPetro by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,147 shares of the company's stock worth $67,000 after acquiring an additional 1,327 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.
About ProPetro
(
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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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