ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 921,293 shares of the company's stock after selling 265,759 shares during the quarter. Northern Trust Corp owned 0.90% of ProPetro worth $8,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lonestar Capital Management LLC bought a new position in ProPetro during the fourth quarter worth $1,400,000. Boothbay Fund Management LLC purchased a new stake in ProPetro during the fourth quarter worth about $795,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of ProPetro in the fourth quarter worth about $311,000. Syon Capital LLC bought a new position in shares of ProPetro in the fourth quarter valued at approximately $108,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of ProPetro by 16.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,702 shares of the company's stock valued at $324,000 after acquiring an additional 4,996 shares during the period. 84.70% of the stock is owned by institutional investors.

ProPetro Trading Down 1.1%

Shares of ProPetro stock traded down $0.06 during trading on Friday, hitting $5.56. The stock had a trading volume of 1,678,596 shares, compared to its average volume of 1,576,526. The firm's fifty day simple moving average is $5.85 and its 200-day simple moving average is $7.78. The stock has a market cap of $577.74 million, a PE ratio of -4.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. ProPetro Holding Corp. has a 12 month low of $4.61 and a 12 month high of $11.17.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 9.55% and a positive return on equity of 3.20%. 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 firm posted $0.18 EPS. The firm's revenue was down 11.4% compared to the same quarter last year. As a group, sell-side analysts expect that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. 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 report on Wednesday, April 30th. Benchmark reissued a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Barclays dropped their target price on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, ProPetro presently has a consensus rating of "Hold" and an average price target of $10.50.

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.