Stanley Laman Group Ltd. Has $2.98 Million Stock Position in ProPetro Holding Corp. (NYSE:PUMP)

Stanley Laman Group Ltd. trimmed its position in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,770 shares of the company's stock after selling 53,655 shares during the quarter. Stanley Laman Group Ltd. owned about 0.39% of ProPetro worth $2,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC lifted its position in shares of ProPetro by 109.2% during the 3rd quarter. Barclays PLC now owns 242,057 shares of the company's stock worth $1,855,000 after purchasing an additional 126,346 shares during the last quarter. Van ECK Associates Corp increased its position in ProPetro by 57.3% in the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after buying an additional 556,747 shares during the period. Principal Financial Group Inc. increased its position in ProPetro by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 384,768 shares of the company's stock worth $3,590,000 after buying an additional 6,099 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of ProPetro by 46.9% during the fourth quarter. New York State Common Retirement Fund now owns 23,498 shares of the company's stock worth $219,000 after buying an additional 7,502 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of ProPetro by 13.0% in the fourth quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock valued at $127,000 after acquiring an additional 1,564 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Stock Performance

ProPetro stock traded up $0.18 on Friday, hitting $6.44. The company's stock had a trading volume of 2,256,958 shares, compared to its average volume of 1,567,699. ProPetro Holding Corp. has a one year low of $4.61 and a one year high of $11.17. The firm has a market cap of $669.60 million, a P/E ratio of -4.81 and a beta of 1.17. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $5.54 and a 200-day moving average price of $7.55.

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 firm had revenue of $359.42 million during 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 company's quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, equities analysts anticipate that ProPetro Holding Corp. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. 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 report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus decreased their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Benchmark reaffirmed a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.75.

ProPetro Company 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.