58,990 Shares in ProPetro Holding Corp. $PUMP Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC bought a new stake in shares of ProPetro Holding Corp. (NYSE:PUMP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 58,990 shares of the company’s stock, valued at approximately $309,000.

Several other hedge funds have also bought and sold shares of the stock. Barclays PLC lifted its stake in ProPetro by 29.3% in the 3rd quarter. Barclays PLC now owns 288,323 shares of the company’s stock worth $1,511,000 after purchasing an additional 65,389 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of ProPetro by 5.4% in the third quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock worth $19,644,000 after purchasing an additional 192,638 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of ProPetro by 50.5% in the third quarter. Quantbot Technologies LP now owns 262,804 shares of the company’s stock worth $1,377,000 after purchasing an additional 88,152 shares during the last quarter. Dana Investment Advisors Inc. lifted its position in shares of ProPetro by 21.9% in the third quarter. Dana Investment Advisors Inc. now owns 932,470 shares of the company’s stock worth $4,886,000 after buying an additional 167,509 shares in the last quarter. Finally, Towle & Co. boosted its stake in ProPetro by 11.5% during the third quarter. Towle & Co. now owns 1,129,914 shares of the company’s stock valued at $5,921,000 after buying an additional 116,260 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

PUMP has been the subject of several research analyst reports. Wolfe Research upgraded ProPetro to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Piper Sandler raised their target price on shares of ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded shares of ProPetro from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $7.00 to $13.00 in a research report on Wednesday, December 10th. Finally, Barclays increased their price objective on shares of ProPetro from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.83.

ProPetro Price Performance

NYSE:PUMP opened at $13.09 on Thursday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 1,309.10 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 1.24. The business has a 50 day simple moving average of $11.14 and a 200-day simple moving average of $8.85. ProPetro Holding Corp. has a 1 year low of $4.51 and a 1 year high of $13.25.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.14. The firm had revenue of $289.68 million for the quarter, compared to the consensus estimate of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. Equities analysts forecast that ProPetro Holding Corp. will post 0.25 EPS for the current year.

ProPetro Company Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.