B. Riley Wealth Advisors Inc. Has $1.33 Million Holdings in ProPetro Holding Corp. (NYSE:PUMP)

B. Riley Wealth Advisors Inc. reduced its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,038 shares of the company's stock after selling 130,336 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.14% of ProPetro worth $1,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of ProPetro by 109.2% in the 3rd 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 last quarter. Nisa Investment Advisors LLC boosted its stake in shares of ProPetro by 4.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 169,591 shares of the company's stock valued at $1,582,000 after buying an additional 7,101 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of ProPetro during the 4th quarter worth approximately $948,000. Exchange Traded Concepts LLC lifted its holdings in shares of ProPetro by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 139,653 shares of the company's stock valued at $1,303,000 after purchasing an additional 7,348 shares in the last quarter. Finally, KBC Group NV lifted its holdings in ProPetro by 90.5% in the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock valued at $75,000 after purchasing an additional 3,821 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

ProPetro Stock Down 2.5%

Shares of PUMP stock traded down $0.14 during trading on Friday, hitting $5.41. 943,156 shares of the company were exchanged, compared to its average volume of 1,565,455. The firm has a market capitalization of $562.15 million, a price-to-earnings ratio of -4.04 and a beta of 1.19. ProPetro Holding Corp. has a twelve month low of $4.61 and a twelve month high of $11.17. 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 business's 50-day simple moving average is $5.67 and its 200 day simple moving average is $7.69.

ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (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 analyst estimates of $344.36 million. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The firm's revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. As a group, analysts forecast that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PUMP. JPMorgan Chase & Co. cut their target price on ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Benchmark reissued a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Barclays reduced their price objective on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.75.

About ProPetro

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.