Dimensional Fund Advisors LP Reduces Stock Holdings in ProPetro Holding Corp. (NYSE:PUMP)

Dimensional Fund Advisors LP lessened its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,492,646 shares of the company's stock after selling 153,009 shares during the period. Dimensional Fund Advisors LP owned approximately 6.31% of ProPetro worth $60,576,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PUMP. GAMMA Investing LLC lifted its stake in 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. Corient Private Wealth LLC increased its holdings 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 valued at $164,000 after purchasing an additional 1,405 shares in the last quarter. Ieq Capital LLC increased its stake in shares of ProPetro by 13.0% in the 4th quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock valued at $127,000 after buying an additional 1,564 shares during the period. Smartleaf Asset Management LLC lifted its position in ProPetro by 205.0% during the 4th 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. Finally, Sterling Capital Management LLC lifted its holdings in ProPetro by 5.8% in the fourth quarter. Sterling Capital Management LLC now owns 46,415 shares of the company's stock valued at $433,000 after buying an additional 2,535 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PUMP has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus lowered their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup lifted their price target on shares of ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.50.

ProPetro Stock Performance

NYSE PUMP traded down $0.08 during trading on Wednesday, reaching $5.19. 101,668 shares of the company's stock were exchanged, compared to its average volume of 1,564,129. The business has a 50 day moving average price of $6.25 and a 200-day moving average price of $7.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. The stock has a market capitalization of $538.12 million, a P/E ratio of -3.86 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 quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS 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 the consensus estimate of $344.36 million. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. The company's revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. Sell-side analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share 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.