Insider Selling: ProPetro Holding Corp. (NYSE:PUMP) Director Sells 7,778 Shares of Stock

ProPetro Holding Corp. (NYSE:PUMP) Director Michele Vion sold 7,778 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $9.21, for a total value of $71,635.38. Following the transaction, the director now owns 39,006 shares of the company’s stock, valued at $359,245.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ProPetro Stock Performance

ProPetro stock opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.18 and a quick ratio of 1.12. ProPetro Holding Corp. has a 12 month low of $6.99 and a 12 month high of $11.37. The company has a fifty day moving average price of $9.07 and a two-hundred day moving average price of $8.40. The company has a market cap of $885.55 million, a PE ratio of 12.28 and a beta of 2.10.

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

Analysts Set New Price Targets

PUMP has been the topic of a number of research analyst reports. Barclays increased their price objective 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. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research report on Thursday, May 2nd.

Institutional Trading of ProPetro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake 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 buying an additional 378,379 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ProPetro by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,686,215 shares of the company’s stock valued at $14,130,000 after acquiring an additional 65,517 shares during the period. American Century Companies Inc. grew its position in shares of ProPetro by 13.3% during the third quarter. American Century Companies Inc. now owns 1,387,406 shares of the company’s stock worth $14,748,000 after acquiring an additional 163,363 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of ProPetro by 9.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,031,150 shares of the company’s stock worth $10,961,000 after acquiring an additional 92,032 shares during the period. Finally, Invesco Ltd. lifted its position in ProPetro by 10.7% in the 3rd quarter. Invesco Ltd. now owns 1,012,363 shares of the company’s stock valued at $10,761,000 after purchasing an additional 97,871 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.