ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) COO Adam Munoz sold 42,573 shares of the company's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.28, for a total value of $395,077.44. Following the sale, the chief operating officer now owns 58,134 shares of the company's stock, valued at $539,483.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ProPetro Stock Up 3.3 %
Shares of NYSE PUMP opened at $9.60 on Tuesday. ProPetro Holding Corp. has a 1 year low of $6.47 and a 1 year high of $11.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.18 and a quick ratio of 1.12. The firm has a market cap of $1.03 billion, a PE ratio of 14.33 and a beta of 2.09. The company has a 50 day simple moving average of $8.10 and a 200 day simple moving average of $8.47.
ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $405.84 million for the quarter, compared to analysts' expectations of $393.11 million. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. ProPetro's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, research analysts forecast that ProPetro Holding Corp. will post 0.56 EPS for the current year.
Hedge Funds Weigh In On ProPetro
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A number of hedge funds have recently made changes to their positions in PUMP. Signaturefd LLC lifted its position in shares of ProPetro by 47.1% in 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 during the period. Hsbc Holdings PLC lifted its holdings in ProPetro by 7.4% in the third quarter. Hsbc Holdings PLC now owns 31,415 shares of the company's stock valued at $334,000 after buying an additional 2,172 shares during the period. Graham Capital Management L.P. acquired a new position in ProPetro in the third quarter valued at $314,000. Natixis Advisors L.P. boosted its position in ProPetro by 28.2% during the third quarter. Natixis Advisors L.P. now owns 51,902 shares of the company's stock valued at $552,000 after acquiring an additional 11,420 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in ProPetro by 174.3% during the 3rd quarter. Trexquant Investment LP now owns 44,858 shares of the company's stock worth $477,000 after acquiring an additional 28,507 shares during the period. 84.70% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on PUMP shares. TheStreet cut shares of ProPetro from a "b-" rating to a "c+" rating in a report on Monday, January 8th. Barclays raised their target price on shares of ProPetro from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Benchmark reiterated a "hold" rating on shares of ProPetro in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.33.
Get Our Latest Analysis on ProPetro
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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