Lighthouse Investment Partners LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the company's stock, valued at approximately $1,866,000. Lighthouse Investment Partners LLC owned approximately 0.19% of ProPetro as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in ProPetro by 205.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock worth $28,000 after purchasing an additional 2,005 shares in the last quarter. GAMMA Investing LLC boosted its stake in ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock worth $41,000 after purchasing an additional 1,225 shares during the period. KBC Group NV grew its position in ProPetro by 90.5% during the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after purchasing an additional 3,821 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ProPetro in the fourth quarter valued at approximately $94,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of ProPetro by 101.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,452 shares of the company's stock worth $98,000 after acquiring an additional 5,270 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PUMP has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Benchmark restated a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Finally, Barclays reduced their target price on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.50.
Get Our Latest Report on PUMP
ProPetro Trading Down 2.2%
Shares of NYSE PUMP traded down $0.13 on Monday, reaching $5.69. 179,472 shares of the company traded hands, compared to its average volume of 1,566,328. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $590.73 million, a PE ratio of -4.23 and a beta of 1.19. ProPetro Holding Corp. has a fifty-two week low of $4.61 and a fifty-two week high of $11.17. The company has a 50 day moving average of $5.98 and a 200 day moving average of $7.84.
ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. The firm had revenue of $359.42 million for the quarter, compared to analyst estimates of $344.36 million. During the same quarter last year, the firm posted $0.18 earnings per share. ProPetro's revenue for the quarter was down 11.4% compared to the same quarter last year. On average, equities research analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.
About ProPetro
(
Free Report)
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.
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