Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Propetro Holding Corp (NYSE: PUMP)
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused is on Permian Basin. The firm operates through six segments namely cementing, acidizing, coiled tubing, flow back services, surface air drilling, and drilling.
A quick look at the price chart below for Propetro shows us that the stock is down 90% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 0.66 which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Propetro include:
Ken Griffin – 2,598,375 shares
Ken Fisher – 2,133,057 shares
Cliff Asness – 334,388 shares
Joel Greenblatt – 46,326 shares
Chuck Royce – 42,451 shares
Steve Cohen – 13,155 shares
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