ProPetro Holding Corp. $PUMP Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 83.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,405 shares of the company’s stock after purchasing an additional 9,297 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ProPetro were worth $122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in ProPetro during the 1st quarter worth approximately $11,757,000. VR Advisory Services Ltd acquired a new position in ProPetro during the 1st quarter worth $8,634,000. Pacer Advisors Inc. acquired a new stake in ProPetro in the 1st quarter valued at about $7,401,000. Philosophy Capital Management LLC boosted its stake in shares of ProPetro by 23.2% in the 1st quarter. Philosophy Capital Management LLC now owns 2,820,887 shares of the company’s stock valued at $20,734,000 after buying an additional 531,751 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of ProPetro during the first quarter worth approximately $3,348,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PUMP. Weiss Ratings restated a “sell (d)” rating on shares of ProPetro in a report on Saturday. Zacks Research upgraded ProPetro from a “strong sell” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus set a $10.00 target price on ProPetro and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Barclays reaffirmed an “equal weight” rating and issued a $5.00 price target (down from $6.00) on shares of ProPetro in a report on Monday, October 13th. Finally, Piper Sandler reduced their price objective on shares of ProPetro from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ProPetro presently has a consensus rating of “Hold” and a consensus price target of $6.80.

ProPetro Stock Down 0.4%

PUMP stock opened at $6.31 on Monday. The company has a market cap of $655.53 million, a price-to-earnings ratio of -4.29 and a beta of 1.00. The company has a fifty day moving average price of $5.15 and a 200 day moving average price of $5.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.42 and a quick ratio of 1.35. ProPetro Holding Corp. has a 12 month low of $4.51 and a 12 month high of $11.17.

ProPetro (NYSE:PUMP) last issued 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 analysts’ expectations of $331.26 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Sell-side analysts expect that ProPetro Holding Corp. will post 0.25 earnings per share for the current year.

About ProPetro

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.