Analysts are Downgrading These 5 Stocks Today

2. ProPetro Holding Corp. (NYSE:PUMP)

Number of Hedge Fund Holders: 27

ProPetro Holding Corp. (NYSE:PUMP) has slipped 0.16% as of 11:23 AM ET after the Midland, Texas-based oilfield services company was downgraded from an Overweight to an Underweight rating by Arun Jayaram at JPMorgan. The analyst downgraded ProPetro Holding Corp. (NYSE:PUMP) stock primarily because of its lower margins compared to its competitors. In Q1 2022, ProPetro Holding Corp. (NYSE:PUMP) reported revenue and EPS of $283 million and 20 cents, respectively, compared to the consensus estimates of $273.67 million and six cents.

As of Q1 2022, 27 elite funds held a stake in ProPetro Holding Corp. (NYSE:PUMP).