ProPetro Holding Corp. $PUMP Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 609,935 shares of the company’s stock after purchasing an additional 21,519 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.59% of ProPetro worth $4,483,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PUMP. Quarry LP purchased a new position in shares of ProPetro in the first quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in ProPetro during the 1st quarter valued at about $32,000. State of Wyoming acquired a new stake in ProPetro in the 1st quarter valued at about $48,000. Aigen Investment Management LP acquired a new stake in ProPetro in the 1st quarter valued at about $80,000. Finally, Teacher Retirement System of Texas purchased a new position in ProPetro in the 1st quarter worth approximately $89,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

ProPetro Stock Performance

Shares of PUMP stock opened at $4.75 on Thursday. The company has a market cap of $493.34 million, a P/E ratio of -3.23 and a beta of 1.13. The firm has a fifty day moving average price of $5.20 and a 200 day moving average price of $5.79. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07. ProPetro Holding Corp. has a 12 month low of $4.51 and a 12 month high of $11.17.

ProPetro (NYSE:PUMP) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%.The business had revenue of $326.15 million for the quarter, compared to analyst estimates of $331.26 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year. Sell-side analysts predict that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PUMP shares. JPMorgan Chase & Co. dropped their price target on ProPetro from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Zacks Research lowered ProPetro from a “hold” rating to a “strong sell” rating in a research note on Monday, September 1st. Stifel Nicolaus set a $10.00 target price on ProPetro and gave the company a “buy” rating in a report on Wednesday, July 16th. Citigroup reduced their price target on ProPetro from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, September 9th. Finally, Piper Sandler lowered their price target on shares of ProPetro from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.80.

ProPetro 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.