ProPetro (NYSE:PUMP) Rating Reiterated by Benchmark

ProPetro (NYSE:PUMP)‘s stock had its “hold” rating reissued by equities research analysts at Benchmark in a research report issued to clients and investors on Thursday, Benzinga reports.

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

ProPetro Stock Up 1.4 %

Shares of NYSE:PUMP traded up $0.13 on Thursday, reaching $9.29. The company had a trading volume of 1,744,802 shares, compared to its average volume of 1,830,776. The firm has a market capitalization of $999.33 million, a PE ratio of 13.87 and a beta of 2.09. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05. ProPetro has a 52-week low of $6.33 and a 52-week high of $11.37. The firm’s 50 day simple moving average is $8.06 and its 200-day simple moving average is $8.51.

ProPetro (NYSE:PUMP) last posted its earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $393.11 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts expect that ProPetro will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ProPetro

Several hedge funds and other institutional investors have recently modified their holdings of PUMP. Kennedy Capital Management LLC acquired a new position in ProPetro during the 3rd quarter valued at approximately $7,492,000. First Dallas Securities Inc. acquired a new position in shares of ProPetro in the 3rd quarter valued at $4,933,000. Hartree Partners LP purchased a new position in ProPetro in the 1st quarter worth $3,259,000. Dimensional Fund Advisors LP lifted its position in ProPetro by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,293,490 shares of the company’s stock worth $61,120,000 after acquiring an additional 378,379 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new stake in ProPetro during the 3rd quarter valued at about $2,853,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

ProPetro Company 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.