ProPetro Holding Corp. (NYSE:PUMP) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 359.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,817 shares of the company's stock after acquiring an additional 398,021 shares during the period. Millennium Management LLC owned about 0.49% of ProPetro worth $4,747,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in ProPetro by 205.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock worth $28,000 after acquiring an additional 2,005 shares in the last quarter. KBC Group NV grew its holdings in ProPetro by 90.5% during the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after acquiring an additional 3,821 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ProPetro in the 4th quarter valued at about $94,000. Tower Research Capital LLC TRC grew its position in shares of ProPetro by 101.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,452 shares of the company's stock valued at $98,000 after buying an additional 5,270 shares during the last quarter. Finally, Syon Capital LLC bought a new stake in shares of ProPetro during the 4th quarter valued at about $108,000. 84.70% of the stock is owned by institutional investors and hedge funds.

ProPetro Stock Performance

ProPetro stock traded up $0.03 during midday trading on Monday, reaching $5.43. 1,063,498 shares of the stock traded hands, compared to its average volume of 1,563,433. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $5.63 and a two-hundred day moving average price of $7.68. The firm has a market cap of $563.71 million, a price-to-earnings ratio of -4.05 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 posted its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The firm had revenue of $359.42 million during the quarter, compared to analyst estimates of $344.36 million. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. ProPetro's revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. On average, equities research analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

PUMP has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Finally, Barclays lowered 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 given a buy rating to the company. According to MarketBeat.com, ProPetro has a consensus rating of "Hold" and a consensus target price of $9.75.

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.