Ameriprise Financial Inc. grew its holdings in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 448,404 shares of the company's stock after purchasing an additional 69,718 shares during the period. Ameriprise Financial Inc. owned approximately 0.44% of ProPetro worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of ProPetro by 8.8% in the 4th quarter. American Century Companies Inc. now owns 3,236,135 shares of the company's stock valued at $30,193,000 after buying an additional 262,202 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of ProPetro by 57.3% in the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock valued at $14,253,000 after acquiring an additional 556,747 shares in the last quarter. Royce & Associates LP boosted its position in ProPetro by 29.5% during the fourth quarter. Royce & Associates LP now owns 931,139 shares of the company's stock worth $8,688,000 after acquiring an additional 212,312 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in shares of ProPetro by 6.3% during the 4th 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 last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position 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 buying an additional 20,100 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.
Wall Street Analysts Forecast Growth
PUMP has been the topic of a number of recent analyst reports. Benchmark reiterated a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays dropped their target price on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. dropped their price target on ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price target on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, ProPetro has an average rating of "Hold" and a consensus target price of $9.75.
Check Out Our Latest Report on PUMP
ProPetro Stock Performance
NYSE:PUMP traded down $0.07 during mid-day trading on Friday, reaching $5.48. 88,051 shares of the company's stock were exchanged, compared to its average volume of 1,698,018. The business's fifty day simple moving average is $5.71 and its two-hundred day simple moving average is $7.71. The firm has a market capitalization of $569.84 million, a PE ratio of -4.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. 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 released its quarterly earnings data 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. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The company 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. ProPetro's revenue for the quarter was down 11.4% on a year-over-year basis. Analysts anticipate that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.
ProPetro Profile
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Free Report)
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.
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