Squarepoint Ops LLC Makes New $2.02 Million Investment in ProPetro Holding Corp. (NYSE:PUMP)

Squarepoint Ops LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 216,955 shares of the company's stock, valued at approximately $2,024,000. Squarepoint Ops LLC owned approximately 0.21% of ProPetro at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Barclays PLC grew its position in ProPetro by 109.2% in the third quarter. Barclays PLC now owns 242,057 shares of the company's stock valued at $1,855,000 after acquiring an additional 126,346 shares during the last quarter. Millennium Management LLC boosted its stake in shares of ProPetro by 359.2% in the 4th quarter. Millennium Management LLC now owns 508,817 shares of the company's stock valued at $4,747,000 after purchasing an additional 398,021 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of ProPetro by 46.9% during the 4th quarter. New York State Common Retirement Fund now owns 23,498 shares of the company's stock valued at $219,000 after purchasing an additional 7,502 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of ProPetro by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 384,768 shares of the company's stock valued at $3,590,000 after purchasing an additional 6,099 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in ProPetro during the 4th quarter worth approximately $948,000. Institutional investors and hedge funds own 84.70% of the company's stock.

ProPetro Trading Up 0.5%

Shares of PUMP stock traded up $0.03 during trading hours on Monday, hitting $5.43. 1,063,498 shares of the company's stock traded hands, compared to its average volume of 1,563,433. The stock has a market cap of $563.71 million, a PE ratio of -4.05 and a beta of 1.19. The stock's 50 day simple moving average is $5.63 and its 200 day simple moving average is $7.68. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. 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 data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The business had revenue of $359.42 million during the quarter, compared to the consensus estimate of $344.36 million. During the same period in the prior year, the business posted $0.18 earnings per share. ProPetro's quarterly revenue was down 11.4% on a year-over-year basis. On average, sell-side analysts anticipate that ProPetro Holding Corp. will post 0.25 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on PUMP. Stifel Nicolaus cut their target price on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Benchmark reissued a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays lowered their target price on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target on ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.