ProPetro Holding Corp. (NYSE:PUMP) COO Adam Munoz Sells 42,573 Shares of Stock

ProPetro Holding Corp. (NYSE:PUMP) COO Adam Munoz sold 42,573 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.28, for a total value of $395,077.44. Following the completion of the sale, the chief operating officer now directly owns 58,134 shares in the company, valued at approximately $539,483.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.

ProPetro Stock Performance

Shares of NYSE:PUMP opened at $9.60 on Tuesday. The business has a fifty day moving average of $8.10 and a 200-day moving average of $8.47. The firm has a market cap of $1.03 billion, a PE ratio of 14.33 and a beta of 2.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.12 and a current ratio of 1.18. ProPetro Holding Corp. has a twelve month low of $6.47 and a twelve month high of $11.37.

ProPetro (NYSE:PUMP) last announced its earnings results 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. The company had revenue of $405.84 million during the quarter, compared to the consensus estimate of $393.11 million. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities research analysts predict that ProPetro Holding Corp. will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kennedy Capital Management LLC acquired a new position in shares of ProPetro during the third quarter valued at $7,492,000. First Dallas Securities Inc. acquired a new position in ProPetro during the 3rd quarter valued at about $4,933,000. Hartree Partners LP bought a new position in shares of ProPetro in the 1st quarter valued at about $3,259,000. Dimensional Fund Advisors LP grew its position in shares of 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 period. Finally, Lisanti Capital Growth LLC bought a new stake in shares of ProPetro during the third quarter worth approximately $2,853,000. 84.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of ProPetro from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday. TheStreet lowered shares of ProPetro from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of ProPetro in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ProPetro presently has an average rating of “Hold” and an average price target of $13.33.

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.