SIR Capital Management L.P. Purchases 1,254,774 Shares of ProPetro Holding Corp. $PUMP

SIR Capital Management L.P. boosted its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 1,374.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,346,074 shares of the company’s stock after purchasing an additional 1,254,774 shares during the period. ProPetro comprises about 1.4% of SIR Capital Management L.P.’s investment portfolio, making the stock its 24th biggest position. SIR Capital Management L.P. owned 1.29% of ProPetro worth $12,801,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PUMP. ProShare Advisors LLC increased its stake in shares of ProPetro by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock valued at $139,000 after buying an additional 944 shares in the last quarter. FourThought Financial Partners LLC increased its stake in shares of ProPetro by 3.1% in the fourth quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company’s stock valued at $578,000 after buying an additional 1,840 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ProPetro by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after buying an additional 2,230 shares in the last quarter. Profund Advisors LLC increased its stake in shares of ProPetro by 14.2% in the third quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock valued at $99,000 after buying an additional 2,355 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of ProPetro by 1.4% in the first quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock valued at $1,648,000 after buying an additional 3,100 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

ProPetro Price Performance

Shares of PUMP stock opened at $15.49 on Friday. The stock has a 50-day moving average price of $15.69 and a 200 day moving average price of $12.83. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -140.80 and a beta of 0.70. ProPetro Holding Corp. has a 12 month low of $4.51 and a 12 month high of $18.50.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The firm had revenue of $270.69 million during the quarter, compared to analyst estimates of $277.49 million. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The company’s revenue was down 24.6% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Research analysts expect that ProPetro Holding Corp. will post -0.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PUMP. Odeon Capital Group began coverage on ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $16.00 target price on shares of ProPetro in a research note on Wednesday, June 3rd. Bank of America started coverage on ProPetro in a research report on Monday, March 30th. They issued a “buy” rating and a $18.00 price objective for the company. Piper Sandler lifted their price objective on ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Weiss Ratings lowered ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Eight investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.63.

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.