ProPetro Holding Corp. (NYSE:PUMP) Shares Purchased by Barclays PLC

Barclays PLC grew its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 109.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,057 shares of the company’s stock after purchasing an additional 126,346 shares during the period. Barclays PLC owned approximately 0.24% of ProPetro worth $1,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in ProPetro by 84.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock valued at $25,000 after acquiring an additional 1,473 shares during the period. Quarry LP purchased a new position in shares of ProPetro in the second quarter valued at approximately $40,000. nVerses Capital LLC grew its holdings in shares of ProPetro by 226.3% in the third quarter. nVerses Capital LLC now owns 6,200 shares of the company’s stock valued at $47,000 after purchasing an additional 4,300 shares in the last quarter. CWM LLC grew its holdings in shares of ProPetro by 17.2% in the third quarter. CWM LLC now owns 8,624 shares of the company’s stock valued at $66,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Chilton Capital Management LLC increased its stake in ProPetro by 87.1% during the 2nd quarter. Chilton Capital Management LLC now owns 8,595 shares of the company’s stock worth $75,000 after buying an additional 4,000 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PUMP has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a research report on Friday, December 6th. Stifel Nicolaus cut their price target on ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Citigroup lowered their price objective on ProPetro from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Barclays decreased their price target on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.25.

Insider Buying and Selling at ProPetro

In other news, CFO David Scott Schorlemer bought 4,500 shares of ProPetro stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of $6.86 per share, with a total value of $30,870.00. Following the acquisition, the chief financial officer now owns 112,992 shares of the company’s stock, valued at approximately $775,125.12. This trade represents a 4.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by insiders.

ProPetro Trading Up 0.3 %

PUMP opened at $9.03 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. ProPetro Holding Corp. has a one year low of $6.53 and a one year high of $10.02. The company has a market cap of $929.46 million, a P/E ratio of -6.79 and a beta of 2.07. The business’s 50-day simple moving average is $8.18 and its 200-day simple moving average is $8.22.

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.