33,309 Shares in ProPetro Holding Corp. (NYSE:PUMP) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in ProPetro Holding Corp. (NYSE:PUMP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 33,309 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in ProPetro by 205.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company’s stock valued at $28,000 after purchasing an additional 2,005 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 buying an additional 1,225 shares in the last quarter. KBC Group NV raised its position in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ProPetro during the 4th quarter worth approximately $94,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 in the last quarter. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

ProPetro stock opened at $5.51 on Monday. The stock has a 50-day moving average price of $6.38 and a two-hundred day moving average price of $7.97. ProPetro Holding Corp. has a 12 month low of $4.61 and a 12 month high of $11.17. The company has a market capitalization of $571.85 million, a PE ratio of -4.11 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.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. The business had revenue of $359.42 million during the quarter, compared to analyst estimates of $344.36 million. During the same quarter last year, the business earned $0.18 EPS. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. Analysts expect that ProPetro Holding Corp. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PUMP shares. Stifel Nicolaus cut their target price on ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th. Citigroup boosted their target price on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays dropped their target price on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Three 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 an average rating of “Hold” and an average target price of $10.50.

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.