ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC cut its holdings in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,770 shares of the company's stock after selling 108,130 shares during the quarter. Aquatic Capital Management LLC's holdings in ProPetro were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PUMP. GAMMA Investing LLC lifted its holdings in shares of ProPetro by 38.0% during the fourth 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. MetLife Investment Management LLC boosted its holdings in shares of ProPetro by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 52,933 shares of the company's stock valued at $494,000 after acquiring an additional 1,270 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of ProPetro by 8.7% in the fourth quarter. Corient Private Wealth LLC now owns 17,591 shares of the company's stock worth $164,000 after acquiring an additional 1,405 shares during the period. Ieq Capital LLC raised its holdings in shares of ProPetro by 13.0% during the fourth quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock worth $127,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in ProPetro by 205.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock valued at $28,000 after purchasing an additional 2,005 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

ProPetro Price Performance

NYSE PUMP traded up $0.09 during trading hours on Friday, reaching $5.44. The company's stock had a trading volume of 912,166 shares, compared to its average volume of 1,564,886. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. ProPetro Holding Corp. has a 1-year low of $4.61 and a 1-year high of $11.17. The company's 50-day moving average is $6.10 and its two-hundred day moving average is $7.89. The firm has a market capitalization of $565.27 million, a price-to-earnings ratio of -4.06 and a beta of 1.19.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $359.42 million during the quarter, compared to analyst estimates of $344.36 million. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. The firm's revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, equities analysts predict that ProPetro Holding Corp. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

PUMP has been the subject of a number of recent research reports. Benchmark reiterated a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Barclays reduced their price target on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Stifel Nicolaus lowered their price objective on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, ProPetro currently has a consensus rating of "Hold" and an average target price of $10.50.

ProPetro Company Profile

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.