Dana Investment Advisors Inc. Grows Stock Holdings in ProPetro Holding Corp. (NYSE:PUMP)

Dana Investment Advisors Inc. increased its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 796,775 shares of the company's stock after purchasing an additional 47,194 shares during the quarter. Dana Investment Advisors Inc. owned 0.77% of ProPetro worth $7,434,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in ProPetro by 95.4% in the third quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company's stock worth $54,790,000 after purchasing an additional 3,491,723 shares during the last quarter. Van ECK Associates Corp increased its position in ProPetro by 57.3% in the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company's stock worth $14,253,000 after buying an additional 556,747 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of ProPetro by 2.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,088,880 shares of the company's stock worth $8,341,000 after buying an additional 28,660 shares during the period. Royce & Associates LP lifted its position in shares of 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 in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of ProPetro by 5.1% during the 4th quarter. Empowered Funds LLC now owns 554,873 shares of the company's stock valued at $5,177,000 after acquiring an additional 27,086 shares during the period. Institutional investors own 84.70% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on PUMP. Barclays decreased their target price on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus raised their price objective on shares of ProPetro from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price target on the stock in a report on Friday, December 6th. Benchmark reissued a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Citigroup lifted their target price on ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.75.

ProPetro Trading Up 1.5 %

NYSE PUMP traded up $0.11 during trading hours on Friday, hitting $7.31. 1,662,137 shares of the company were exchanged, compared to its average volume of 1,667,421. ProPetro Holding Corp. has a 52 week low of $6.53 and a 52 week high of $11.17. 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 stock has a 50-day moving average price of $9.30 and a 200 day moving average price of $8.50. The stock has a market cap of $753.65 million, a PE ratio of -5.45 and a beta of 2.03.

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.