Quadrature Capital Ltd Makes New Investment in ProPetro Holding Corp. (NYSE:PUMP)

Quadrature Capital Ltd purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,158 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of ProPetro by 47.1% in the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after purchasing an additional 2,542 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of ProPetro in the 4th quarter valued at about $90,000. Quadrant Capital Group LLC lifted its holdings in shares of ProPetro by 60.0% in the 4th quarter. Quadrant Capital Group LLC now owns 12,136 shares of the company’s stock valued at $102,000 after purchasing an additional 4,550 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of ProPetro in the 4th quarter valued at about $124,000. Finally, AXQ Capital LP purchased a new stake in shares of ProPetro in the 3rd quarter valued at about $132,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Adam Munoz sold 42,573 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.28, for a total value of $395,077.44. Following the sale, the chief operating officer now owns 58,134 shares in the company, valued at approximately $539,483.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Adam Munoz sold 42,573 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.28, for a total value of $395,077.44. Following the sale, the chief operating officer now owns 58,134 shares in the company, valued at approximately $539,483.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michele Vion sold 7,778 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $9.21, for a total value of $71,635.38. Following the completion of the sale, the director now owns 39,006 shares in the company, valued at approximately $359,245.26. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

ProPetro Stock Performance

NYSE PUMP opened at $8.67 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $9.08 and its two-hundred day moving average is $8.38. ProPetro Holding Corp. has a 12-month low of $6.99 and a 12-month high of $11.37. The stock has a market capitalization of $932.35 million, a price-to-earnings ratio of 12.93 and a beta of 2.10.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. ProPetro had a return on equity of 7.62% and a net margin of 4.76%. The company had revenue of $405.84 million for the quarter, compared to analysts’ expectations of $393.11 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. Research analysts expect that ProPetro Holding Corp. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of ProPetro in a report on Thursday, May 2nd. Barclays upped their price objective on ProPetro from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, May 6th.

ProPetro Profile

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.