Situational Awareness LP Takes $8.66 Million Position in ProPetro Holding Corp. $PUMP

Situational Awareness LP acquired a new stake in shares of ProPetro Holding Corp. (NYSE:PUMP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 910,300 shares of the company’s stock, valued at approximately $8,657,000. ProPetro comprises approximately 0.2% of Situational Awareness LP’s holdings, making the stock its 23rd biggest holding. Situational Awareness LP owned about 0.88% of ProPetro as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PUMP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after purchasing an additional 2,230 shares during the period. Millennium Management LLC lifted its position in ProPetro by 44.6% during the first quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock valued at $5,408,000 after purchasing an additional 226,914 shares during the period. Jones Financial Companies Lllp lifted its position in ProPetro by 16,264.8% during the first quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock valued at $198,000 after purchasing an additional 26,837 shares during the period. Goldman Sachs Group Inc. lifted its position in ProPetro by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock valued at $4,483,000 after purchasing an additional 21,519 shares during the period. Finally, Caxton Associates LLP acquired a new position in ProPetro during the first quarter valued at $272,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PUMP has been the subject of a number of research reports. Bank of America initiated coverage on shares of ProPetro in a research report on Monday, March 30th. They set a “buy” rating and a $18.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $16.00 target price on shares of ProPetro in a research report on Wednesday. Piper Sandler boosted their target price on shares of ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Finally, Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $23.00 in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

ProPetro Trading Down 10.3%

Shares of ProPetro stock opened at $14.78 on Friday. The firm has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $12.64. The company has a market cap of $1.81 billion, a P/E ratio of -134.32 and a beta of 0.70. ProPetro Holding Corp. has a fifty-two week low of $4.51 and a fifty-two week high of $18.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.57 and a current ratio of 1.64.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $270.69 million during the quarter, compared to the consensus estimate of $277.49 million. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. The company’s revenue was down 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. As a group, equities analysts predict that ProPetro Holding Corp. will post -0.08 earnings per share for the current fiscal 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.