Roubaix Capital LLC Purchases Shares of 243,257 ProPetro Holding Corp. $PUMP

Roubaix Capital LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) during the 1st quarter, Holdings Channel.com reports. The fund purchased 243,257 shares of the company’s stock, valued at approximately $3,505,000.

A number of other institutional investors have also modified their holdings of the stock. Valiant Capital Management L.P. purchased a new stake in shares of ProPetro in the fourth quarter worth about $34,890,000. Sourcerock Group LLC grew its holdings 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 acquiring an additional 3,355,848 shares during the period. VR Advisory Services Ltd raised its position in ProPetro by 213.2% during the third quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock valued at $19,280,000 after acquiring an additional 2,504,634 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in ProPetro by 209.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock valued at $14,170,000 after acquiring an additional 1,830,399 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in ProPetro by 382.7% in the third quarter. Millennium Management LLC now owns 2,215,896 shares of the company’s stock valued at $11,611,000 after acquiring an additional 1,756,812 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

PUMP has been the topic of several recent research reports. Odeon Capital Group started coverage on ProPetro in a research report on Thursday, May 28th. They issued a “buy” rating on the stock. Barclays raised shares of ProPetro from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $23.00 in a report on Thursday, May 7th. Weiss Ratings cut shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price target on shares of ProPetro in a report on Wednesday, June 3rd. Finally, Piper Sandler raised their price target on shares of ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

ProPetro Stock Performance

NYSE PUMP opened at $13.01 on Friday. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -118.29 and a beta of 0.72. ProPetro Holding Corp. has a twelve month low of $4.51 and a twelve month high of $18.50. The company has a current ratio of 1.64, a quick ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $14.97 and a 200 day moving average of $13.50.

ProPetro (NYSE:PUMP) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The company had revenue of $270.69 million for the quarter, compared to the consensus estimate of $277.49 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. ProPetro’s revenue for the quarter was down 24.6% on a year-over-year basis. Sell-side analysts anticipate that ProPetro Holding Corp. will post -0.02 EPS for the current fiscal year.

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.