109,283 Shares in ProPetro Holding Corp. (NYSE:PUMP) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 109,283 shares of the company's stock, valued at approximately $1,020,000. New Age Alpha Advisors LLC owned 0.11% of ProPetro as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in PUMP. Barclays PLC increased its stake in shares of ProPetro by 109.2% in the third quarter. Barclays PLC now owns 242,057 shares of the company's stock worth $1,855,000 after acquiring an additional 126,346 shares during the period. B. Riley Wealth Advisors Inc. grew its position in ProPetro by 209.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company's stock worth $2,115,000 after purchasing an additional 184,273 shares during the period. Point72 Asset Management L.P. acquired a new stake in ProPetro during the 3rd quarter worth about $3,525,000. HighTower Advisors LLC purchased a new position in shares of ProPetro during the 3rd quarter valued at about $197,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of ProPetro by 46.9% in the 4th quarter. New York State Common Retirement Fund now owns 23,498 shares of the company's stock valued at $219,000 after buying an additional 7,502 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on PUMP shares. Citigroup upped their price objective on ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Benchmark reissued a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays cut their price objective 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. Stifel Nicolaus increased their target price on shares of ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. upgraded 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, ProPetro has an average rating of "Hold" and a consensus target price of $10.75.

ProPetro Price Performance

NYSE:PUMP traded down $1.02 during trading hours on Friday, reaching $5.26. 3,036,539 shares of the company were exchanged, compared to its average volume of 1,550,077. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The firm has a market cap of $542.15 million, a PE ratio of -3.92 and a beta of 1.58. ProPetro Holding Corp. has a twelve month low of $5.13 and a twelve month high of $11.17. The stock's 50-day moving average is $8.02 and its 200-day moving average is $8.42.

About ProPetro

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.