ProPetro (NYSE:PUMP) Stock Rating Reaffirmed by Benchmark

ProPetro (NYSE:PUMP - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Benchmark in a research note issued on Thursday, Benzinga reports.

Separately, TheStreet cut ProPetro from a "b-" rating to a "c+" rating in a research note on Monday, January 8th.

ProPetro Stock Up 2.7 %

NYSE:PUMP traded up $0.24 during trading hours on Thursday, reaching $9.17. 1,750,134 shares of the company traded hands, compared to its average volume of 1,587,427. ProPetro has a 1 year low of $6.33 and a 1 year high of $11.37. The business's 50-day moving average price is $7.99 and its two-hundred day moving average price is $8.51. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $986.42 million, a P/E ratio of 12.11 and a beta of 2.09.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The firm had revenue of $405.84 million during the quarter, compared to analysts' expectations of $393.11 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company's revenue was down 4.2% on a year-over-year basis. Analysts predict that ProPetro will post 0.48 earnings per share for the current year.

Institutional Trading of ProPetro

Several hedge funds have recently bought and sold shares of PUMP. Dimensional Fund Advisors LP lifted its position in shares of ProPetro by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,293,490 shares of the company's stock valued at $61,120,000 after acquiring an additional 378,379 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ProPetro by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,686,215 shares of the company's stock valued at $14,130,000 after acquiring an additional 65,517 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ProPetro by 13.3% in the third quarter. American Century Companies Inc. now owns 1,387,406 shares of the company's stock valued at $14,748,000 after acquiring an additional 163,363 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of ProPetro by 9.8% in the third quarter. AQR Capital Management LLC now owns 1,031,150 shares of the company's stock valued at $10,961,000 after acquiring an additional 92,032 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of ProPetro by 10.7% in the third quarter. Invesco Ltd. now owns 1,012,363 shares of the company's stock valued at $10,761,000 after acquiring an additional 97,871 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

ProPetro Company 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.