ProPetro (NYSE:PUMP) Given “Hold” Rating at Benchmark

Benchmark reaffirmed their hold rating on shares of ProPetro (NYSE:PUMP) in a report released on Thursday morning, Benzinga reports.

Separately, TheStreet lowered shares of ProPetro from a b- rating to a c+ rating in a research note on Monday, January 8th.

ProPetro Stock Performance

Shares of PUMP traded up $0.13 during trading hours on Thursday, hitting $9.29. The stock had a trading volume of 1,744,802 shares, compared to its average volume of 1,830,776. The firm has a 50-day moving average price of $8.06 and a 200 day moving average price of $8.51. ProPetro has a fifty-two week low of $6.33 and a fifty-two week high of $11.37. The firm has a market capitalization of $999.33 million, a price-to-earnings ratio of 13.87 and a beta of 2.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.08 and a current ratio of 1.18.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The business had revenue of $405.84 million during the quarter, compared to the consensus estimate of $393.11 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that ProPetro will post 0.48 EPS for the current year.

Hedge Funds Weigh In On ProPetro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in shares of ProPetro by 1.0% during the 3rd quarter. Swiss National Bank now owns 190,000 shares of the company’s stock worth $2,020,000 after acquiring an additional 1,900 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in ProPetro by 4.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 56,195 shares of the company’s stock valued at $471,000 after purchasing an additional 2,171 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in ProPetro by 7.4% in the 3rd quarter. Hsbc Holdings PLC now owns 31,415 shares of the company’s stock valued at $334,000 after purchasing an additional 2,172 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of ProPetro by 3.5% in the 3rd quarter. New York State Common Retirement Fund now owns 74,983 shares of the company’s stock valued at $797,000 after buying an additional 2,521 shares during the period. Finally, Signaturefd LLC raised its position in shares of ProPetro by 47.1% during the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after buying an additional 2,542 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

About ProPetro

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.