Y Intercept Hong Kong Ltd Purchases New Holdings in ProPetro Holding Corp. $PUMP

Y Intercept Hong Kong Ltd acquired a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 299,489 shares of the company’s stock, valued at approximately $1,569,000. Y Intercept Hong Kong Ltd owned 0.29% of ProPetro at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PUMP. Raymond James Financial Inc. acquired a new stake in shares of ProPetro during the second quarter worth $60,000. PharVision Advisers LLC purchased a new position in ProPetro during the 2nd quarter worth $60,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ProPetro in the second quarter valued at about $74,000. Finally, Inscription Capital LLC acquired a new position in shares of ProPetro during the third quarter worth about $68,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Stock Performance

Shares of PUMP stock opened at $11.50 on Friday. The stock has a fifty day moving average price of $10.04 and a 200 day moving average price of $7.56. 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 stock has a market cap of $1.20 billion, a PE ratio of -67.64 and a beta of 0.75. ProPetro Holding Corp. has a 1 year low of $4.51 and a 1 year high of $11.87.

ProPetro (NYSE:PUMP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The business had revenue of $293.92 million during the quarter, compared to analysts’ expectations of $266.25 million. ProPetro had a negative return on equity of 0.06% and a negative net margin of 1.31%.The business’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter last year, the business posted ($1.32) earnings per share. Sell-side analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PUMP has been the subject of a number of recent analyst reports. Barclays restated a “neutral” rating on shares of ProPetro in a research report on Wednesday, December 17th. Zacks Research raised ProPetro from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. Piper Sandler lifted their price target on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, December 10th. Finally, Citigroup raised their target price on ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ProPetro currently has an average rating of “Hold” and an average price target of $12.67.

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.