ProPetro Holding Corp. $PUMP Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. increased its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 21.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 932,470 shares of the company’s stock after buying an additional 167,509 shares during the quarter. Dana Investment Advisors Inc. owned about 0.90% of ProPetro worth $4,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of ProPetro by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 163,394 shares of the company’s stock valued at $975,000 after acquiring an additional 1,990 shares during the last quarter. Mutual Advisors LLC increased its position in ProPetro by 1.2% during the third quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock worth $864,000 after purchasing an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $379,000 after purchasing an additional 2,230 shares during the period. Profund Advisors LLC raised its stake in ProPetro by 14.2% during the third quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after purchasing an additional 2,355 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of ProPetro by 4.4% in the 2nd quarter. Franklin Resources Inc. now owns 56,941 shares of the company’s stock valued at $340,000 after purchasing an additional 2,418 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler upped their price objective on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Barclays restated a “neutral” rating on shares of ProPetro in a research note on Wednesday, December 17th. JPMorgan Chase & Co. raised ProPetro from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $7.00 to $13.00 in a research note on Wednesday, December 10th. Citigroup increased their target price on shares of ProPetro from $6.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.67.

ProPetro Price Performance

Shares of NYSE PUMP opened at $11.61 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 1.24. ProPetro Holding Corp. has a 1-year low of $4.51 and a 1-year high of $13.25. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 1,160.90 and a beta of 0.77. The business has a 50-day moving average of $10.46 and a 200-day moving average of $8.29.

ProPetro (NYSE:PUMP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The firm had revenue of $289.68 million for the quarter, compared to analyst estimates of $279.90 million. During the same period in the previous year, the company posted ($0.17) EPS. ProPetro’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts anticipate that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

About ProPetro

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.