ProPetro Holding Corp. $PUMP Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,748,788 shares of the company’s stock after purchasing an additional 192,638 shares during the period. American Century Companies Inc. owned 3.61% of ProPetro worth $19,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in ProPetro by 50.5% in the third quarter. Quantbot Technologies LP now owns 262,804 shares of the company’s stock valued at $1,377,000 after acquiring an additional 88,152 shares in the last quarter. Dana Investment Advisors Inc. grew its holdings in ProPetro by 21.9% during the 3rd quarter. Dana Investment Advisors Inc. now owns 932,470 shares of the company’s stock valued at $4,886,000 after purchasing an additional 167,509 shares in the last quarter. Towle & Co. increased its stake in ProPetro by 11.5% during the 3rd quarter. Towle & Co. now owns 1,129,914 shares of the company’s stock worth $5,921,000 after buying an additional 116,260 shares during the period. GSA Capital Partners LLP lifted its holdings in ProPetro by 2,382.6% in the 3rd quarter. GSA Capital Partners LLP now owns 277,355 shares of the company’s stock worth $1,453,000 after buying an additional 266,183 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of ProPetro by 103.4% during the third quarter. JPMorgan Chase & Co. now owns 1,648,055 shares of the company’s stock valued at $8,636,000 after acquiring an additional 837,776 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on PUMP shares. Wolfe Research upgraded ProPetro to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded ProPetro from a “neutral” rating to an “overweight” rating and increased their target price for the company from $7.00 to $13.00 in a research note on Wednesday, December 10th. Piper Sandler lifted their price target on shares of ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Barclays upped their price target on shares of ProPetro from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.83.

ProPetro Stock Performance

Shares of PUMP opened at $12.28 on Tuesday. The stock has a market capitalization of $1.50 billion, a PE ratio of 1,227.50 and a beta of 0.70. The business’s fifty day moving average price is $11.01 and its 200 day moving average price is $8.77. 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 12-month low of $4.51 and a 12-month high of $13.25.

ProPetro (NYSE:PUMP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The company had revenue of $289.68 million for the quarter, compared to the consensus estimate of $279.90 million. During the same period 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. Equities research analysts forecast that ProPetro Holding Corp. will post 0.25 EPS for the current year.

ProPetro 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.