ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its stake in ProPetro Holding Corp. (NYSE:PUMP) by 14.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 598,546 shares of the company’s stock after selling 99,928 shares during the quarter. AQR Capital Management LLC owned approximately 0.58% of ProPetro worth $5,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in ProPetro by 205.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company’s stock worth $28,000 after purchasing an additional 2,005 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ProPetro by 38.0% during the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after acquiring an additional 1,225 shares during the period. KBC Group NV lifted 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 acquiring an additional 3,821 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ProPetro in the 4th quarter worth approximately $94,000. Finally, Tower Research Capital LLC TRC grew its position in 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 purchasing an additional 5,270 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

ProPetro Stock Performance

Shares of PUMP stock opened at $5.37 on Friday. The firm has a market cap of $556.80 million, a P/E ratio of -4.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. ProPetro Holding Corp. has a fifty-two week low of $4.61 and a fifty-two week high of $11.17. The stock’s 50-day moving average is $6.14 and its two-hundred day moving average is $7.90.

ProPetro (NYSE:PUMP) last posted its earnings results 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 firm had revenue of $359.42 million during the quarter, compared to analysts’ expectations of $344.36 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue was down 11.4% compared to the same quarter last year. Analysts predict that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

PUMP has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Benchmark restated a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. Finally, Barclays dropped their target price on ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.