ProPetro Holding Corp. (NYSE:PUMP) is Towle & Co.'s 3rd Largest Position

Towle & Co. trimmed its stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,292,289 shares of the company's stock after selling 534,286 shares during the quarter. ProPetro comprises 3.7% of Towle & Co.'s investment portfolio, making the stock its 3rd biggest holding. Towle & Co. owned 2.23% of ProPetro worth $21,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP boosted its stake in shares of ProPetro by 1.8% in the fourth quarter. Two Sigma Advisers LP now owns 342,200 shares of the company's stock valued at $3,193,000 after buying an additional 5,900 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of ProPetro by 149.4% in the fourth quarter. Two Sigma Investments LP now owns 392,305 shares of the company's stock valued at $3,660,000 after buying an additional 235,005 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of ProPetro by 42.6% in the fourth quarter. ProShare Advisors LLC now owns 26,025 shares of the company's stock valued at $243,000 after buying an additional 7,781 shares in the last quarter. Millennium Management LLC boosted its stake in shares of ProPetro by 359.2% in the fourth quarter. Millennium Management LLC now owns 508,817 shares of the company's stock valued at $4,747,000 after buying an additional 398,021 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of ProPetro in the fourth quarter valued at approximately $1,866,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ProPetro Price Performance

PUMP stock traded down $0.06 during midday trading on Friday, hitting $5.56. 1,678,596 shares of the stock were exchanged, compared to its average volume of 1,573,827. The stock's 50-day moving average price is $5.85 and its 200-day moving average price is $7.78. The stock has a market cap of $577.74 million, a price-to-earnings ratio of -4.15 and a beta of 1.19. ProPetro Holding Corp. has a fifty-two week low of $4.61 and a fifty-two week high of $11.17. 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 (NYSE:PUMP - Get Free Report) last issued 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 firm had revenue of $359.42 million during the quarter, compared to analysts' expectations of $344.36 million. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. ProPetro's revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. Research analysts predict that ProPetro Holding Corp. will post 0.25 earnings per share 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.