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

D. E. Shaw & Co. Inc. raised its stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,844 shares of the company's stock after purchasing 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).

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted 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 worth $28,000 after purchasing an additional 2,005 shares in the last quarter. KBC Group NV lifted its position in ProPetro by 90.5% in the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after buying an additional 3,821 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ProPetro in the fourth quarter worth approximately $94,000. Tower Research Capital LLC TRC grew its position in 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 during the last quarter. Finally, Syon Capital LLC bought a new position in ProPetro during the fourth quarter valued at approximately $108,000. 84.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

ProPetro Trading Up 1.4%

NYSE:PUMP traded up $0.08 during midday trading on Tuesday, reaching $5.66. 1,062,831 shares of the stock traded hands, compared to its average volume of 1,574,471. The stock has a market capitalization of $588.13 million, a P/E ratio of -4.22 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. The company has a fifty day moving average of $5.79 and a 200 day moving average of $7.75. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $359.42 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, research analysts predict that ProPetro Holding Corp. will post 0.25 EPS for the current year.

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.