Van ECK Associates Corp Decreases Stock Holdings in ProPetro Holding Corp. (NYSE:PUMP)

Van ECK Associates Corp trimmed its position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,417,471 shares of the company's stock after selling 83,222 shares during the period. Van ECK Associates Corp owned 1.29% of ProPetro worth $11,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PUMP. Signaturefd LLC raised its stake in ProPetro by 47.1% in the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company's stock valued at $66,000 after acquiring an additional 2,542 shares during the period. Versor Investments LP acquired a new position in ProPetro in the 3rd quarter valued at about $129,000. AXQ Capital LP bought a new position in ProPetro in the 3rd quarter valued at about $132,000. Cable Hill Partners LLC acquired a new stake in ProPetro during the third quarter worth approximately $143,000. Finally, SG Americas Securities LLC acquired a new stake in ProPetro during the third quarter worth approximately $145,000. 84.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PUMP has been the topic of a number of recent research reports. TheStreet lowered shares of ProPetro from a "b-" rating to a "c+" rating in a research report on Monday, January 8th. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research note on Thursday.

ProPetro Price Performance

Shares of PUMP stock traded up $0.14 on Friday, hitting $9.30. 1,744,802 shares of the company's stock were exchanged, compared to its average volume of 1,590,836. The company has a 50 day moving average of $8.06 and a 200 day moving average of $8.51. The stock has a market cap of $1.00 billion, a P/E ratio of 13.88 and a beta of 2.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.18 and a quick ratio of 1.08. ProPetro Holding Corp. has a 12 month low of $6.33 and a 12 month high of $11.37.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The company had revenue of $405.84 million for the quarter, compared to the consensus estimate of $393.11 million. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. On average, equities research analysts predict that ProPetro Holding Corp. will post 0.48 EPS for the current year.

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.