ProPetro’s (PUMP) Hold Rating Reaffirmed at Benchmark

ProPetro (NYSE:PUMP)‘s stock had its “hold” rating reaffirmed by equities research analysts at Benchmark in a research note issued on Thursday, Benzinga reports.

Separately, TheStreet downgraded shares of ProPetro from a “b-” rating to a “c+” rating in a report on Monday, January 8th.

ProPetro Price Performance

Shares of NYSE PUMP traded up $0.08 during midday trading on Thursday, hitting $9.01. The company had a trading volume of 446,457 shares, compared to its average volume of 1,572,873. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $7.99 and a two-hundred day simple moving average of $8.51. ProPetro has a twelve month low of $6.33 and a twelve month high of $11.37. The firm has a market capitalization of $969.21 million, a price-to-earnings ratio of 12.11 and a beta of 2.09.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $405.84 million during the quarter, compared to analysts’ expectations of $393.11 million. ProPetro had a return on equity of 10.26% and a net margin of 5.25%. ProPetro’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Equities research analysts anticipate that ProPetro will post 0.48 earnings per share for the current year.

Institutional Trading of ProPetro

Large investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in ProPetro by 47.1% in the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after purchasing an additional 2,542 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of ProPetro in the fourth quarter valued at approximately $90,000. Quadrant Capital Group LLC lifted its stake in shares of ProPetro by 60.0% during the fourth quarter. Quadrant Capital Group LLC now owns 12,136 shares of the company’s stock valued at $102,000 after buying an additional 4,550 shares during the period. Quadrature Capital Ltd acquired a new stake in ProPetro during the fourth quarter worth approximately $102,000. Finally, Oxford Asset Management LLP purchased a new stake in ProPetro in the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Company Profile

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.