Truist Economical Corp Purchases Shares of 16,863 ProPetro Holding Corp. (NASDAQ:PUMP)

Truist Economic Corp ordered a new place in ProPetro Keeping Corp. (NASDAQ:PUMP) in the 3rd quarter, according to its most modern 13F filing with the Securities & Exchange Fee. The institutional trader ordered 16,863 shares of the company’s stock, valued at roughly $68,000.

Several other institutional buyers have also manufactured improvements to their positions in the business enterprise. Useful resource Management LLC acquired a new place in ProPetro in the third quarter valued at roughly $50,000. Tudor Investment decision Corp Et Al purchased a new posture in shares of ProPetro in the 2nd quarter valued at $83,000. Community Staff Retirement System of Ohio elevated its stake in shares of ProPetro by 1,076.5% in the 2nd quarter. Community Staff Retirement Process of Ohio now owns 17,353 shares of the company’s stock valued at $89,000 just after purchasing an more 15,878 shares in the course of the previous quarter. BNP Paribas Arbitrage SA grew its situation in ProPetro by 12.7% in the course of the 3rd quarter. BNP Paribas Arbitrage SA now owns 30,438 shares of the company’s stock worthy of $124,000 just after acquiring an added 3,441 shares all through the final quarter. Finally, Bowling Portfolio Management LLC acquired a new stake in ProPetro throughout the 3rd quarter well worth $193,000.

Shares of NASDAQ PUMP opened at $7.55 on Friday. The company’s 50-working day basic transferring typical is $6.16 and its 200-day basic moving typical is $5.44. ProPetro Holding Corp. has a 52-week reduced of $1.36 and a 52-week large of $12.11.

ProPetro (NASDAQ:PUMP) past issued its earnings success on Saturday, November 7th. The firm documented ($.29) EPS for the quarter, missing analysts’ consensus estimates of ($.25) by ($.04). The business enterprise experienced income of $133.70 million for the quarter, as opposed to the consensus estimate of $138.29 million. ProPetro’s earnings for the quarter was down 75.3% compared to the similar quarter previous 12 months. During the same quarter in the past yr, the organization acquired $.33 earnings for each share.

PUMP has been the subject matter of a variety of recent analyst reports. BidaskClub raised ProPetro from a “sell” ranking to a “hold” ranking in a analysis observe on Tuesday, December 8th. Barclays reissued a “hold” rating and established a $5.00 cost aim on shares of ProPetro in a report on Tuesday, October 6th. Piper Sandler upped their goal rate on ProPetro from $5.00 to $8.00 and gave the organization a “neutral” score in a report on Thursday. They observed that the move was a valuation call. JPMorgan Chase & Co. elevated their value objective on ProPetro from $6.00 to $10.00 and gave the corporation an “overweight” ranking in a report on Friday, December 18th. At last, Smith Barney Citigroup upgraded ProPetro from a “neutral” rating to a “buy” rating in a investigation report on Tuesday, December 15th. Two equities research analysts have rated the inventory with a promote ranking, eight have presented a hold ranking and eight have issued a acquire rating to the inventory. The organization at this time has an common ranking of “Hold” and a consensus price tag target of $8.29.

About ProPetro

ProPetro Keeping Corp., an oilfield services business, provides strain pumping and other connected companies. The company provides hydraulic fracturing companies and a suite of well completion and generation providers, which includes cementing, acidizing, coiled tubing, flowback, and drilling solutions. It serves the upstream oil and gas firms engaged in the exploration and creation of North American unconventional oil and normal gas sources in the Permian Basin.

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