BNP Paribas Financial Markets Acquires 140,476 Shares of ProPetro Holding Corp. (NYSE:PUMP)

BNP Paribas Financial Markets raised its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 129.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,136 shares of the company's stock after purchasing an additional 140,476 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.24% of ProPetro worth $2,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of ProPetro by 109.2% in the third quarter. Barclays PLC now owns 242,057 shares of the company's stock valued at $1,855,000 after purchasing an additional 126,346 shares during the period. Franklin Resources Inc. grew its stake in ProPetro by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 61,979 shares of the company's stock valued at $513,000 after buying an additional 3,417 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in ProPetro by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 97,736 shares of the company's stock valued at $749,000 after acquiring an additional 5,198 shares during the period. Nisa Investment Advisors LLC raised its holdings in ProPetro by 4.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 169,591 shares of the company's stock valued at $1,582,000 after acquiring an additional 7,101 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in ProPetro during the fourth quarter worth approximately $948,000. 84.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PUMP has been the topic of several research reports. Stifel Nicolaus decreased their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Barclays reduced their price target 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, Benchmark reiterated a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.50.

ProPetro Stock Performance

Shares of NYSE:PUMP traded down $0.19 on Thursday, reaching $5.32. 233,007 shares of the company's stock were exchanged, compared to its average volume of 1,562,262. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a twelve month low of $4.61 and a twelve month high of $11.17. The company has a fifty day moving average of $5.90 and a 200-day moving average of $7.80. The company has a market capitalization of $552.28 million, a price-to-earnings ratio of -3.97 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The business had revenue of $359.42 million for the quarter, compared to the consensus estimate of $344.36 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The firm's quarterly revenue was down 11.4% compared to the same quarter last year. On average, research analysts predict that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal 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.