ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) fell 14.2% on Friday . The stock traded as low as $5.45 and last traded at $5.38. 100,594 shares changed hands during trading, a decline of 93% from the average session volume of 1,542,839 shares. The stock had previously closed at $6.27.
Analyst Ratings Changes
Several research firms have commented on PUMP. Benchmark restated a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Stifel Nicolaus boosted their target price on shares of ProPetro from $11.00 to $12.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup upped their price target on shares of ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Barclays decreased their price target on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, ProPetro presently has a consensus rating of "Hold" and an average target price of $10.75.
Check Out Our Latest Research Report on PUMP
ProPetro Stock Up 16.4 %
The firm has a 50 day moving average price of $7.76 and a two-hundred day moving average price of $8.35. The firm has a market capitalization of $579.81 million, a price-to-earnings ratio of -4.19 and a beta of 1.58. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06.
Institutional Investors Weigh In On ProPetro
Several institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of 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 acquiring an additional 2,005 shares during the period. GAMMA Investing LLC increased its holdings in ProPetro by 38.0% in the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock valued at $41,000 after purchasing an additional 1,225 shares in the last quarter. KBC Group NV raised its position in ProPetro by 90.5% in the fourth 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. acquired a new position in shares of ProPetro during the fourth quarter worth about $94,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of ProPetro by 101.7% in 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 period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
ProPetro Company Profile
(
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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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