D. E. Shaw & Co. Inc. Purchases 53,085 Shares of ProPetro Holding Corp. (NYSE:PUMP)

D. E. Shaw & Co. Inc. grew its position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 41.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,844 shares of the company's stock after buying an additional 53,085 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.18% of ProPetro worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PUMP. Smartleaf Asset Management LLC lifted its holdings in shares of ProPetro by 205.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock valued at $28,000 after acquiring an additional 2,005 shares during the last quarter. KBC Group NV raised its stake in shares of ProPetro by 90.5% during the fourth quarter. KBC Group NV now owns 8,045 shares of the company's stock valued at $75,000 after acquiring an additional 3,821 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of ProPetro during the fourth quarter valued at approximately $94,000. Tower Research Capital LLC TRC raised its stake in shares of ProPetro by 101.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,452 shares of the company's stock valued at $98,000 after acquiring an additional 5,270 shares in the last quarter. Finally, Syon Capital LLC bought a new stake in shares of ProPetro during the fourth quarter valued at approximately $108,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

ProPetro Price Performance

Shares of PUMP stock traded down $0.06 on Friday, reaching $5.56. 1,678,596 shares of the company were exchanged, compared to its average volume of 1,576,526. The company has a market cap of $577.74 million, a price-to-earnings ratio of -4.15 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 1 year low of $4.61 and a 1 year high of $11.17. The business has a 50-day moving average price of $5.85 and a 200 day moving average price of $7.78.

ProPetro (NYSE:PUMP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $359.42 million during the quarter, compared to analysts' expectations 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 for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Equities research analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PUMP has been the topic of several research reports. Benchmark reissued a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays cut their price target on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Stifel Nicolaus dropped their price objective 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, ProPetro presently has an average rating of "Hold" and a consensus target price of $10.50.

ProPetro 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.