Jackson Creek Investment Advisors LLC Invests $1.89 Million in ProPetro Holding Corp. (NYSE:PUMP)

Jackson Creek Investment Advisors LLC purchased a new position in ProPetro Holding Corp. (NYSE:PUMP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 202,421 shares of the company's stock, valued at approximately $1,889,000. ProPetro comprises approximately 0.6% of Jackson Creek Investment Advisors LLC's holdings, making the stock its 20th largest position. Jackson Creek Investment Advisors LLC owned 0.20% of ProPetro at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of ProPetro by 205.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock valued at $28,000 after buying an additional 2,005 shares during the period. GAMMA Investing LLC grew its position in 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 increased its stake in ProPetro by 90.5% during the fourth quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after acquiring an additional 3,821 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ProPetro during the third quarter worth about $77,000. Finally, Raymond James Financial Inc. purchased a new position in shares of ProPetro in the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

ProPetro Stock Down 1.4 %

Shares of NYSE PUMP traded down $0.10 during trading on Tuesday, reaching $6.90. 1,613,672 shares of the stock were exchanged, compared to its average volume of 1,677,286. The company has a market capitalization of $711.35 million, a price-to-earnings ratio of -5.15 and a beta of 2.03. The business's 50-day moving average price is $9.25 and its 200 day moving average price is $8.50. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a twelve month low of $6.53 and a twelve month high of $11.17.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 report on Friday, February 21st. Citigroup increased their price objective on shares of ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 target price on the stock in a report on Friday, December 6th. Benchmark reiterated a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Finally, Barclays cut their price objective on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, ProPetro has a consensus rating of "Hold" and a consensus price target of $10.75.

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.