ProPetro Holding Corp. $PUMP Stock Holdings Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 487,333 shares of the company’s stock after purchasing an additional 34,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in ProPetro were worth $4,635,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PUMP. Sourcerock Group LLC lifted its stake in ProPetro by 66.4% during the second quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock worth $50,198,000 after purchasing an additional 3,355,848 shares during the last quarter. VR Advisory Services Ltd raised its holdings in shares of ProPetro by 213.2% during the third quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock worth $19,280,000 after purchasing an additional 2,504,634 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of ProPetro by 209.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock worth $14,170,000 after purchasing an additional 1,830,399 shares during the period. Millennium Management LLC lifted its position in shares of ProPetro by 382.7% in the 3rd quarter. Millennium Management LLC now owns 2,215,896 shares of the company’s stock worth $11,611,000 after buying an additional 1,756,812 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of ProPetro by 103.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,648,055 shares of the company’s stock valued at $8,636,000 after buying an additional 837,776 shares during the period. Institutional investors own 84.70% of the company’s stock.

ProPetro Stock Up 2.5%

PUMP opened at $16.52 on Thursday. ProPetro Holding Corp. has a 12 month low of $4.51 and a 12 month high of $18.50. The stock has a market cap of $2.03 billion, a P/E ratio of -150.17 and a beta of 0.75. The stock’s 50 day moving average price is $14.68 and its 200 day moving average price is $11.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57.

ProPetro (NYSE:PUMP) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The company had revenue of $270.69 million for the quarter, compared to analyst estimates of $277.49 million. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The company’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. As a group, research analysts predict that ProPetro Holding Corp. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PUMP. The Goldman Sachs Group assumed coverage on shares of ProPetro in a research note on Friday, April 10th. They set a “neutral” rating and a $15.00 price objective on the stock. Piper Sandler lifted their target price on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Bank of America initiated coverage on ProPetro in a research report on Monday, March 30th. They set a “buy” rating and a $18.00 price target on the stock. Barclays raised ProPetro from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $23.00 in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.13.

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.