ProPetro Holding Corp. (NYSE:PUMP) Director Sells $41,300.00 in Stock

ProPetro Holding Corp. (NYSE:PUMP) Director Michele Vion sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $8.26, for a total transaction of $41,300.00. Following the sale, the director now directly owns 34,006 shares in the company, valued at approximately $280,889.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Michele Vion also recently made the following trade(s):

• On Wednesday, June 12th, Michele Vion sold 7,778 shares of ProPetro stock. The shares were sold at an average price of $9.21, for a total transaction of $71,635.38.

ProPetro Trading Down 1.1 %

Shares of PUMP traded down $0.09 during midday trading on Tuesday, hitting $8.17. The stock had a trading volume of 1,210,865 shares, compared to its average volume of 1,518,264. ProPetro Holding Corp. has a 1 year low of $6.99 and a 1 year high of $11.37. The firm has a market cap of $879.09 million, a PE ratio of 12.19 and a beta of 2.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.11 and a quick ratio of 1.04. The stock’s 50 day moving average is $8.44 and its 200 day moving average is $8.46.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, July 31st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). ProPetro had a net margin of 2.21% and a return on equity of 3.39%. The firm had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $361.85 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was down 17.9% compared to the same quarter last year. As a group, analysts forecast that ProPetro Holding Corp. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PUMP. Barclays upped their price target on shares of ProPetro from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Stifel Nicolaus decreased their price target on shares of ProPetro from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, Benchmark reissued a “hold” rating on shares of ProPetro in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of ProPetro in the second quarter worth about $40,000. Signaturefd LLC grew its holdings in shares of ProPetro by 47.1% in the fourth quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock worth $66,000 after purchasing an additional 2,542 shares during the last quarter. Chilton Capital Management LLC grew its holdings in shares of ProPetro by 87.1% in the second quarter. Chilton Capital Management LLC now owns 8,595 shares of the company’s stock worth $75,000 after purchasing an additional 4,000 shares during the last quarter. Innealta Capital LLC bought a new position in shares of ProPetro in the second quarter worth about $76,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of ProPetro in the fourth quarter worth about $90,000. 84.70% of the stock is currently owned by 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.