ProPetro Holding Corp. (NYSE:PUMP) CEO Purchases $24,402.00 in Stock

Key Points

• ProPetro Holding Corp. CEO Samuel D. Sledge purchased $24,402.00 in company stock, acquiring 4,900 shares at an average price of $4.98 per share, resulting in a 1.37% increase in his ownership stake.
• The company's stock traded down 3.5% to $4.62, with a twelve-month low of $4.61 and a high of $11.17 while facing negative earnings per share of (-0.07) for the last quarter.
• Wall Street analysts have mixed opinions on ProPetro, with an average rating of "Hold" and a target price of $9.00, as several investment firms recently adjusted their recommendations.

ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) CEO Samuel D. Sledge bought 4,900 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were acquired at an average price of $4.98 per share, for a total transaction of $24,402.00. Following the completion of the transaction, the chief executive officer owned 362,639 shares in the company, valued at approximately $1,805,942.22. This trade represents a 1.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ProPetro Trading Down 3.5%

Shares of NYSE:PUMP traded down $0.17 during mid-day trading on Thursday, reaching $4.62. The stock had a trading volume of 2,140,537 shares, compared to its average volume of 1,802,616. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07. The firm has a market cap of $479.81 million, a PE ratio of -3.14 and a beta of 1.18. The firm has a 50 day simple moving average of $6.00 and a two-hundred day simple moving average of $6.70. ProPetro Holding Corp. has a twelve month low of $4.61 and a twelve month high of $11.17.

ProPetro (NYSE:PUMP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). The company had revenue of $326.15 million for the quarter, compared to analyst estimates of $331.26 million. ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%. The business's quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) earnings per share. On average, research analysts predict that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PUMP. JPMorgan Chase & Co. cut their target price on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus set a $10.00 target price on shares of ProPetro and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Piper Sandler began coverage on shares of ProPetro in a research report on Monday, July 14th. They set a "neutral" rating and a $7.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9.00.

Hedge Funds Weigh In On ProPetro

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of ProPetro during the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of ProPetro during the 1st quarter worth approximately $32,000. State of Wyoming bought a new position in shares of ProPetro during the 1st quarter worth approximately $48,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of ProPetro during the 2nd quarter worth approximately $74,000. Finally, Aigen Investment Management LP bought a new position in shares of ProPetro during the 1st quarter worth approximately $80,000. 84.70% of the stock is owned by institutional investors.

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.

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