AQR Capital Management LLC Decreases Stake in ProPetro Holding Corp. (NYSE:PUMP)

AQR Capital Management LLC lowered its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 598,546 shares of the company's stock after selling 99,928 shares during the quarter. AQR Capital Management LLC owned about 0.58% of ProPetro worth $5,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of ProPetro by 205.0% in the fourth 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of ProPetro by 38.0% in the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock worth $41,000 after acquiring an additional 1,225 shares in the last quarter. KBC Group NV grew its stake 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 purchasing an additional 3,821 shares during the period. Raymond James Financial Inc. bought a new position in ProPetro during the fourth quarter valued at about $94,000. Finally, Tower Research Capital LLC TRC increased its holdings in ProPetro by 101.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,452 shares of the company's stock worth $98,000 after buying an additional 5,270 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

ProPetro Price Performance

NYSE:PUMP traded up $0.09 during trading hours on Friday, reaching $5.44. The stock had a trading volume of 912,166 shares, compared to its average volume of 1,564,696. ProPetro Holding Corp. has a 52 week low of $4.61 and a 52 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. The company has a 50 day moving average price of $6.10 and a two-hundred day moving average price of $7.89. The stock has a market capitalization of $565.27 million, a PE ratio of -4.06 and a beta of 1.19.

ProPetro (NYSE:PUMP - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.09 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 quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. As a group, sell-side analysts anticipate that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Barclays dropped their price target on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Stifel Nicolaus reduced their price objective on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, ProPetro has a consensus rating of "Hold" and a consensus target price of $10.50.

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.