ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Stock analysts at Zacks Research increased their Q1 2025 earnings per share estimates for shares of ProPetro in a report issued on Tuesday, February 11th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.06. The consensus estimate for ProPetro's current full-year earnings is $0.26 per share.
A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. raised ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Citigroup lifted their target price on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.75.
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ProPetro Trading Up 2.6 %
Shares of PUMP stock traded up $0.23 on Friday, reaching $9.04. 1,360,315 shares of the company's stock were exchanged, compared to its average volume of 1,347,478. ProPetro has a 52 week low of $6.53 and a 52 week high of $11.17. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $929.97 million, a PE ratio of -6.79 and a beta of 1.98. The company's fifty day simple moving average is $9.53 and its 200 day simple moving average is $8.51.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in PUMP. Pacer Advisors Inc. grew its stake in ProPetro by 95.4% during the 3rd quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company's stock worth $54,790,000 after buying an additional 3,491,723 shares during the last quarter. Sourcerock Group LLC purchased a new position in ProPetro during the 4th quarter worth $14,079,000. Van ECK Associates Corp grew its stake in ProPetro by 57.3% during the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after buying an additional 556,747 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in ProPetro during the 4th quarter worth $4,934,000. Finally, Point72 Asset Management L.P. purchased a new position in ProPetro during the 3rd quarter worth $3,525,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
ProPetro Company Profile
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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.
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