Lonestar Capital Management LLC Acquires Shares of 150,000 ProPetro Holding Corp. (NYSE:PUMP)

Lonestar Capital Management LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the company's stock, valued at approximately $1,400,000. ProPetro accounts for approximately 0.5% of Lonestar Capital Management LLC's portfolio, making the stock its 18th biggest holding. Lonestar Capital Management LLC owned approximately 0.15% of ProPetro as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PUMP. Van ECK Associates Corp increased its stake in shares of ProPetro by 57.3% during the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after purchasing an additional 556,747 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in ProPetro in the fourth quarter worth $2,937,000. American Century Companies Inc. lifted its position in shares of ProPetro by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,236,135 shares of the company's stock valued at $30,193,000 after buying an additional 262,202 shares during the last quarter. Royce & Associates LP grew its stake in shares of ProPetro by 29.5% during the 4th quarter. Royce & Associates LP now owns 931,139 shares of the company's stock worth $8,688,000 after acquiring an additional 212,312 shares during the period. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in ProPetro during the fourth quarter valued at about $1,889,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analyst Ratings Changes

PUMP has been the topic of a number of recent analyst reports. Barclays lowered their price objective on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus cut their target price on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup raised their price objective on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Benchmark reissued a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.50.

ProPetro Trading Up 7.3 %

PUMP stock traded up $0.37 during midday trading on Thursday, hitting $5.35. The company had a trading volume of 2,567,326 shares, compared to its average volume of 1,570,314. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a 52 week low of $4.61 and a 52 week high of $11.17. The stock has a market cap of $554.73 million, a price-to-earnings ratio of -3.99 and a beta of 1.58. The stock's 50 day moving average price is $6.51 and its 200 day moving average price is $8.01.

ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $359.42 million for 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 revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. As a group, equities research analysts expect that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal 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.