BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
Lawrence G. Larry, a director at ProPetro Holding Corp. (NYSE:PUMP), has recently sold 10,137 shares of the company’s common stock. The shares were sold at a weighted average price of approximately $7.39, totaling $74,912. The transaction comes amid significant market volatility, with the stock dropping nearly 15% in the past week. According to InvestingPro analysis, the company currently has a market capitalization of $757 million. Following this transaction, Larry holds 44,892 shares in the company. The sale was executed on March 7, 2025, as reflected in a recent SEC filing. While the company operates with moderate debt levels, InvestingPro analysis indicates the stock is currently trading below its Fair Value. Analysts expect ProPetro to return to profitability in 2025, with detailed forecasts available in the comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US stocks.
In other recent news, ProPetro Holding Corp reported a challenging fourth quarter for 2024, with a net loss that fell short of analysts’ earnings expectations. The company’s earnings per share (EPS) came in at -$0.17, missing the projected $0.01, while revenue was $320.6 million, below the anticipated $327.72 million. Despite these financial setbacks, ProPetro significantly increased its free cash flow to $118 million, a ninefold year-over-year rise, enhancing its liquidity position. In terms of management changes, ProPetro announced the resignation of its Chief Financial Officer, David Schorlemer, with Chief Accounting Officer Celina A. Davila stepping in as interim CFO. The company is currently searching for a permanent replacement. In a strategic move, ProPetro is investing heavily in next-generation technology through its Pro Power business, which is expected to generate significant EBITDA per megawatt annually. Analysts from Benchmark have noted the company’s strategic positioning and its focus on high-growth verticals, particularly in low-emission power solutions. ProPetro’s CEO, Sam Sledge, emphasized the company’s commitment to operational efficiency and strategic initiatives, despite anticipating flat market activity in 2025.
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