ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) shares were up 2.9% during trading on Thursday . The stock traded as high as $8.48 and last traded at $8.43. Approximately 106,887 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,496,824 shares. The stock had previously closed at $8.19.
Analyst Upgrades and Downgrades
Several analysts have commented on PUMP shares. Benchmark lowered ProPetro from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. TheStreet lowered ProPetro from a "b-" rating to a "c+" rating in a report on Monday, January 8th.
Check Out Our Latest Research Report on PUMP
ProPetro Stock Performance
The firm has a market cap of $907.89 million, a PE ratio of 11.65 and a beta of 2.13. The firm has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $8.60. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.05.
ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.24). ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The company had revenue of $347.80 million for the quarter, compared to analysts' expectations of $351.50 million. During the same quarter in the previous year, the business posted $0.31 EPS. The business's quarterly revenue was down .3% compared to the same quarter last year. Research analysts forecast that ProPetro Holding Corp. will post 0.49 EPS for the current fiscal year.
Hedge Funds Weigh In On ProPetro
A number of institutional investors have recently added to or reduced their stakes in PUMP. Chilton Capital Management LLC purchased a new position in ProPetro during the first quarter worth approximately $33,000. Quarry LP grew its stake 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 purchasing an additional 3,054 shares in the last quarter. Signaturefd LLC grew its stake 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 purchasing an additional 2,542 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake 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 purchasing an additional 1,327 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in ProPetro by 14.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,493 shares of the company's stock worth $77,000 after buying an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors 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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