12,331 Shares in ProPetro Holding Corp. (NYSE:PUMP) Purchased by Waverly Advisors LLC

Waverly Advisors LLC bought a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 12,331 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC increased its position in ProPetro by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 52,933 shares of the company’s stock valued at $494,000 after acquiring an additional 1,270 shares in the last quarter. Corient Private Wealth LLC increased its position in ProPetro by 8.7% in the 4th quarter. Corient Private Wealth LLC now owns 17,591 shares of the company’s stock valued at $164,000 after acquiring an additional 1,405 shares in the last quarter. Ieq Capital LLC increased its position in ProPetro by 13.0% in the 4th quarter. Ieq Capital LLC now owns 13,604 shares of the company’s stock valued at $127,000 after acquiring an additional 1,564 shares in the last quarter. Smartleaf Asset Management LLC increased its position in 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 in the last quarter. Finally, Sterling Capital Management LLC increased its position in ProPetro by 5.8% in the 4th quarter. Sterling Capital Management LLC now owns 46,415 shares of the company’s stock valued at $433,000 after acquiring an additional 2,535 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PUMP shares. Benchmark restated a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Finally, Barclays lowered their price target on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.50.

ProPetro Stock Down 1.1%

Shares of NYSE:PUMP opened at $5.56 on Tuesday. ProPetro Holding Corp. has a one year low of $4.61 and a one year high of $11.17. The company has a 50 day moving average of $5.82 and a 200-day moving average of $7.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. The stock has a market cap of $577.74 million, a price-to-earnings ratio of -4.15 and a beta of 1.19.

ProPetro (NYSE:PUMP) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $359.42 million during the quarter, compared to analysts’ expectations of $344.36 million. During the same quarter in the previous year, the company earned $0.18 EPS. ProPetro’s revenue was down 11.4% on a year-over-year basis. On average, sell-side analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share 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.