Voloridge Investment Management LLC Purchases Shares of 57,140 ProPetro Holding Corp. (NYSE:PUMP)

Voloridge Investment Management LLC bought 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 disclosure with the SEC. The fund bought 57,140 shares of the company's stock, valued at approximately $533,000. Voloridge Investment Management LLC owned about 0.06% of ProPetro as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in ProPetro by 205.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock valued at $28,000 after buying an additional 2,005 shares during the period. KBC Group NV raised its holdings in shares of ProPetro by 90.5% in the fourth quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after acquiring an additional 3,821 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ProPetro in the fourth quarter valued at $94,000. Tower Research Capital LLC TRC boosted its position in ProPetro by 101.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,452 shares of the company's stock worth $98,000 after purchasing an additional 5,270 shares during the period. Finally, Syon Capital LLC acquired a new stake in ProPetro during the 4th quarter valued at approximately $108,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PUMP shares. Barclays cut their price objective on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Benchmark reissued a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price on ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Stifel Nicolaus reduced their price target on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, ProPetro presently has a consensus rating of "Hold" and an average target price of $9.75.

ProPetro Stock Performance

PUMP traded up $0.38 during trading hours on Tuesday, hitting $5.80. The company's stock had a trading volume of 320,054 shares, compared to its average volume of 1,558,781. The company has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $7.68. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $602.68 million, a PE ratio of -4.33 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.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS 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 company had revenue of $359.42 million for the quarter, compared to analyst estimates of $344.36 million. During the same period last year, the company earned $0.18 earnings per share. The company's quarterly revenue was down 11.4% compared to the same quarter last year. As a group, sell-side analysts expect that ProPetro Holding Corp. will post 0.25 EPS for the current year.

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.