PKO BP BANKOWY Universal Pension Society JSC Purchases Shares of 683,003 ProPetro Holding Corp. $PUMP

PKO BP BANKOWY Universal Pension Society JSC purchased a new stake in ProPetro Holding Corp. (NYSE:PUMP) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 683,003 shares of the company’s stock, valued at approximately $6,495,000. ProPetro accounts for 3.3% of PKO BP BANKOWY Universal Pension Society JSC’s holdings, making the stock its 8th biggest holding.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in ProPetro in the 2nd quarter valued at $60,000. Tower Research Capital LLC TRC boosted its holdings in ProPetro by 70.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock valued at $64,000 after purchasing an additional 4,461 shares during the period. Trek Financial LLC bought a new position in ProPetro in the 3rd quarter valued at $57,000. Dark Forest Capital Management LP bought a new position in ProPetro in the 3rd quarter valued at $57,000. Finally, MQS Management LLC bought a new position in ProPetro in the 3rd quarter valued at $58,000. 84.70% of the stock is owned by institutional investors.

ProPetro Stock Performance

ProPetro stock opened at $18.00 on Tuesday. The firm’s fifty day moving average price is $14.98 and its 200-day moving average price is $12.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.57 and a current ratio of 1.64. The stock has a market cap of $2.21 billion, a P/E ratio of -163.60 and a beta of 0.75. ProPetro Holding Corp. has a fifty-two week low of $4.51 and a fifty-two week high of $18.50.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.09. The firm had revenue of $270.69 million for the quarter, compared to analysts’ expectations of $277.49 million. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. The business’s quarterly revenue was down 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. On average, equities research analysts expect that ProPetro Holding Corp. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on PUMP shares. Barclays raised shares of ProPetro from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $14.00 to $23.00 in a report on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of ProPetro in a report on Friday, April 10th. They issued a “neutral” rating and a $15.00 price target for the company. 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 report on Monday. Citigroup raised their price objective on shares of ProPetro from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ProPetro currently has an average rating of “Moderate Buy” and an average price target of $16.50.

ProPetro Company Profile

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.