Two Sigma Investments LP Has $3.66 Million Stake in ProPetro Holding Corp. (NYSE:PUMP)

Two Sigma Investments LP boosted its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 149.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 392,305 shares of the company's stock after buying an additional 235,005 shares during the quarter. Two Sigma Investments LP owned approximately 0.38% of ProPetro worth $3,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PUMP. Van ECK Associates Corp increased its stake in shares of ProPetro by 57.3% during the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after purchasing an additional 556,747 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of ProPetro during the 4th quarter worth $4,934,000. Millennium Management LLC increased its stake in shares of ProPetro by 359.2% during the 4th quarter. Millennium Management LLC now owns 508,817 shares of the company's stock worth $4,747,000 after purchasing an additional 398,021 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of ProPetro during the 4th quarter worth $2,937,000. Finally, American Century Companies Inc. increased its stake in shares of ProPetro by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,236,135 shares of the company's stock worth $30,193,000 after purchasing an additional 262,202 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

ProPetro Stock Performance

NYSE:PUMP traded up $0.03 during midday trading on Monday, reaching $5.43. The stock had a trading volume of 1,063,498 shares, compared to its average volume of 1,563,433. ProPetro Holding Corp. has a 1-year low of $4.61 and a 1-year high of $11.17. The firm's fifty day simple moving average is $5.63 and its 200-day simple moving average is $7.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. The stock has a market capitalization of $563.71 million, a P/E ratio of -4.05 and a beta of 1.19.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $359.42 million for 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%. The business's quarterly revenue was down 11.4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. On average, equities research analysts forecast that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on PUMP shares. Benchmark restated a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Stifel Nicolaus lowered their target price on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, Barclays lowered 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.