Barclays PLC Has $1.83 Million Stock Position in ProPetro Holding Corp. (NYSE:PUMP)

Barclays PLC reduced its stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,379 shares of the company's stock after selling 45,678 shares during the period. Barclays PLC owned 0.19% of ProPetro worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. American Century Companies Inc. raised its stake in ProPetro by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,236,135 shares of the company's stock worth $30,193,000 after purchasing an additional 262,202 shares during the period. Van ECK Associates Corp raised its position in shares of ProPetro by 57.3% in the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after buying an additional 556,747 shares during the period. Royce & Associates LP boosted its holdings in ProPetro by 29.5% in the fourth quarter. Royce & Associates LP now owns 931,139 shares of the company's stock valued at $8,688,000 after acquiring an additional 212,312 shares during the last quarter. Dana Investment Advisors Inc. grew its position in ProPetro by 6.3% during the fourth quarter. Dana Investment Advisors Inc. now owns 796,775 shares of the company's stock valued at $7,434,000 after acquiring an additional 47,194 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of ProPetro by 3.5% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 594,467 shares of the company's stock worth $5,546,000 after purchasing an additional 20,100 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark reissued a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Barclays reduced their target price on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Stifel Nicolaus reduced their price objective on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.50.

ProPetro Price Performance

PUMP stock traded up $0.11 during trading on Thursday, hitting $5.27. The company had a trading volume of 142,150 shares, compared to its average volume of 1,749,978. The business has a 50 day moving average of $6.18 and a 200 day moving average of $7.92. 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 firm has a market capitalization of $546.94 million, a price-to-earnings ratio of -3.93 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.

ProPetro (NYSE:PUMP - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $359.42 million during the quarter, compared to analysts' expectations of $344.36 million. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The company's quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share. As a group, research analysts predict that ProPetro Holding Corp. will post 0.25 earnings per share for the current year.

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.