Lonestar Capital Management LLC bought a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the company's stock, valued at approximately $1,400,000. ProPetro makes up about 0.5% of Lonestar Capital Management LLC's portfolio, making the stock its 18th biggest position. Lonestar Capital Management LLC owned 0.15% of ProPetro at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased 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 worth $28,000 after purchasing an additional 2,005 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of ProPetro by 38.0% in the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock valued at $41,000 after buying an additional 1,225 shares during the period. KBC Group NV raised its holdings in ProPetro by 90.5% in the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock valued at $75,000 after buying an additional 3,821 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ProPetro during the 4th quarter worth approximately $94,000. Finally, Tower Research Capital LLC TRC grew its holdings 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 acquiring an additional 5,270 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.
ProPetro Stock Up 2.8 %
NYSE PUMP traded up $0.15 on Friday, hitting $5.51. 1,686,859 shares of the company were exchanged, compared to its average volume of 1,570,061. 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 company has a market cap of $571.85 million, a PE ratio of -4.11 and a beta of 1.58. The stock has a fifty day moving average of $6.38 and a 200-day moving average of $7.98. 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 issued its earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $344.36 million. During the same period last year, the business posted $0.18 EPS. The firm's revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share for the current year.
Wall Street Analyst Weigh In
PUMP has been the subject of several analyst reports. Barclays dropped their price target on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Stifel Nicolaus cut their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday. Citigroup increased their price target on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Benchmark reiterated a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ProPetro has a consensus rating of "Hold" and an average price target of $10.50.
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About ProPetro
(
Free Report)
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.
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