ProPetro Holding Corp. (NYSE:PUMP) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,498 shares of the company’s stock after purchasing an additional 7,502 shares during the quarter. New York State Common Retirement Fund’s holdings in ProPetro were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of ProPetro by 80.0% during the 3rd quarter. Creative Planning now owns 57,238 shares of the company’s stock worth $438,000 after buying an additional 25,445 shares during the last quarter. Entropy Technologies LP increased its stake in shares of ProPetro by 125.7% during the 3rd quarter. Entropy Technologies LP now owns 52,619 shares of the company’s stock worth $403,000 after purchasing an additional 29,305 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of ProPetro during the 3rd quarter worth approximately $403,000. Victory Capital Management Inc. grew its holdings in ProPetro by 16.8% during the 3rd quarter. Victory Capital Management Inc. now owns 130,740 shares of the company’s stock valued at $1,001,000 after buying an additional 18,836 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in ProPetro by 21.1% during the 3rd quarter. Royce & Associates LP now owns 718,827 shares of the company’s stock valued at $5,506,000 after buying an additional 125,232 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

PUMP has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a research report on Friday, December 6th. Citigroup boosted their price target on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Barclays reduced their price objective on ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.75.

ProPetro Stock Down 1.1 %

NYSE PUMP opened at $7.44 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $9.40 and a two-hundred day moving average price of $8.53. The stock has a market cap of $767.06 million, a PE ratio of -5.55 and a beta of 1.98. ProPetro Holding Corp. has a fifty-two week low of $6.53 and a fifty-two week high of $11.17.

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.