Boothbay Fund Management LLC Takes $795,000 Position in ProPetro Holding Corp. (NYSE:PUMP)

Boothbay Fund Management LLC acquired a new stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 85,257 shares of the company's stock, valued at approximately $795,000. Boothbay Fund Management LLC owned approximately 0.08% of ProPetro at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp raised its position in 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 purchasing an additional 556,747 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of ProPetro in the 4th quarter valued at $2,937,000. American Century Companies Inc. raised its position in shares of 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 acquiring an additional 262,202 shares during the last quarter. Royce & Associates LP lifted its stake in shares of ProPetro by 29.5% during 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 period. Finally, Jackson Creek Investment Advisors LLC bought a new position in ProPetro in the fourth quarter valued at about $1,889,000. 84.70% of the stock is owned by institutional investors.

ProPetro Trading Up 2.8 %

NYSE:PUMP traded up $0.15 during trading hours on Friday, hitting $5.51. The stock had a trading volume of 1,686,859 shares, compared to its average volume of 1,569,359. The business's 50 day moving average is $6.38 and its 200-day moving average is $7.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. The company has a market cap of $571.85 million, a price-to-earnings ratio of -4.11 and a beta of 1.58. ProPetro Holding Corp. has a one year low of $4.61 and a one year high of $11.17.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 last year, the business posted $0.18 EPS. The firm's revenue was down 11.4% compared to the same quarter last year. Sell-side analysts anticipate that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Citigroup upped their target price on shares of ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Barclays reduced their price target on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, ProPetro currently has an average rating of "Hold" and an average price target of $10.50.

ProPetro 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.