ProPetro (NYSE:PUMP) Sets New 52-Week High on Earnings Beat

ProPetro Holding Corp. (NYSE:PUMPGet Free Report) reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $13.25 and last traded at $11.2790, with a volume of 5083106 shares changing hands. The stock had previously closed at $12.01.

The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. ProPetro had a negative net margin of 1.31% and a negative return on equity of 0.06%. The business had revenue of $289.68 million for the quarter, compared to the consensus estimate of $279.90 million. During the same quarter last year, the firm posted ($0.17) EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis.

Key Stories Impacting ProPetro

Here are the key news stories impacting ProPetro this week:

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PUMP. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Zacks Research raised ProPetro from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of ProPetro from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $7.00 to $13.00 in a report on Wednesday, December 10th. Citigroup raised their price target on shares of ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Wolfe Research raised shares of ProPetro to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ProPetro currently has a consensus rating of “Hold” and a consensus target price of $12.67.

Check Out Our Latest Stock Analysis on PUMP

Institutional Trading of ProPetro

A number of institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of ProPetro in the fourth quarter worth $56,000. Raymond James Financial Inc. acquired a new position in shares of ProPetro in the 2nd quarter valued at $60,000. PharVision Advisers LLC purchased a new position in ProPetro in the 2nd quarter worth $60,000. Tower Research Capital LLC TRC raised its stake in ProPetro by 70.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after acquiring an additional 4,461 shares during the last quarter. Finally, Trek Financial LLC acquired a new stake in ProPetro during the 3rd quarter worth about $57,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Trading Down 6.1%

The company has a 50 day simple moving average of $10.38 and a two-hundred day simple moving average of $8.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.19 and a current ratio of 1.26. The firm has a market cap of $1.17 billion, a PE ratio of -66.34 and a beta of 0.77.

About ProPetro

(Get Free Report)

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.

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