10,908 Shares in ProPetro Holding Corp. (NYSE:PUMP) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in ProPetro Holding Corp. (NYSE:PUMPGet Rating) in the first quarter, HoldingsChannel reports. The fund purchased 10,908 shares of the company’s stock, valued at approximately $152,000.

A number of other hedge funds have also recently bought and sold shares of PUMP. Marshall Wace LLP bought a new stake in ProPetro in the 4th quarter valued at $10,269,000. SIR Capital Management L.P. bought a new stake in ProPetro in the 4th quarter valued at $5,743,000. Calamos Advisors LLC bought a new stake in ProPetro in the 1st quarter valued at $4,492,000. Fisher Asset Management LLC lifted its holdings in shares of ProPetro by 27.6% during the 4th quarter. Fisher Asset Management LLC now owns 1,336,151 shares of the company’s stock worth $10,823,000 after acquiring an additional 288,611 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ProPetro by 139.2% during the 1st quarter. Russell Investments Group Ltd. now owns 461,728 shares of the company’s stock worth $6,430,000 after acquiring an additional 268,734 shares during the period. 86.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Tudor, Pickering, Holt & Co. raised shares of ProPetro from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Piper Sandler raised their price objective on shares of ProPetro from $15.50 to $16.75 and gave the stock a “neutral” rating in a report on Wednesday, June 1st. Stifel Nicolaus raised their price objective on shares of ProPetro from $13.00 to $16.00 in a report on Friday, April 8th. Citigroup raised their price objective on shares of ProPetro to $19.00 in a report on Friday, June 3rd. Finally, JPMorgan Chase & Co. downgraded shares of ProPetro from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $16.00 to $14.00 in a report on Thursday, May 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

ProPetro Stock Up 4.8 %

Shares of ProPetro stock opened at $8.44 on Friday. The stock has a market capitalization of $879.79 million, a P/E ratio of -18.35 and a beta of 2.44. The company has a 50-day simple moving average of $10.61 and a 200 day simple moving average of $12.19. ProPetro Holding Corp. has a 12-month low of $6.39 and a 12-month high of $16.92.

ProPetro (NYSE:PUMPGet Rating) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.55). ProPetro had a positive return on equity of 2.05% and a negative net margin of 4.24%. During the same quarter last year, the firm posted ($0.08) EPS. On average, equities analysts anticipate that ProPetro Holding Corp. will post 0.96 earnings per share for the current year.

Insider Buying and Selling at ProPetro

In other ProPetro news, Director Phillip A. Gobe sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $12.26, for a total value of $490,400.00. Following the completion of the sale, the director now owns 244,111 shares in the company, valued at approximately $2,992,800.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ProPetro news, CAO Elo Omavuezi sold 6,687 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $13.23, for a total value of $88,469.01. Following the completion of the sale, the chief accounting officer now owns 725 shares in the company, valued at approximately $9,591.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Phillip A. Gobe sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $12.26, for a total transaction of $490,400.00. Following the completion of the sale, the director now owns 244,111 shares of the company’s stock, valued at approximately $2,992,800.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,395 shares of company stock worth $1,961,975. 0.90% of the stock is currently owned by corporate insiders.

ProPetro Profile

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ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources.

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Institutional Ownership by Quarter for ProPetro (NYSE:PUMP)

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