LSV Asset Management Has $164,000 Holdings in ProPetro Holding Corp. (NYSE:PUMP)

LSV Asset Management decreased its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,600 shares of the company's stock after selling 57,400 shares during the quarter. LSV Asset Management's holdings in ProPetro were worth $164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PUMP. Smartleaf Asset Management LLC boosted its position 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 lifted its position in shares of ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock worth $41,000 after purchasing an additional 1,225 shares during the last quarter. KBC Group NV boosted its stake in ProPetro by 90.5% in the fourth 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. purchased a new stake in ProPetro during the 4th quarter valued at approximately $94,000. Finally, Ieq Capital LLC raised its stake in shares of ProPetro by 13.0% during the 4th quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock worth $127,000 after buying an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

ProPetro Price Performance

Shares of PUMP stock traded down $0.33 during mid-day trading on Monday, reaching $5.10. The company's stock had a trading volume of 140,123 shares, compared to its average volume of 1,548,952. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. The firm's 50-day moving average is $7.10 and its two-hundred day moving average is $8.18. ProPetro Holding Corp. has a 1-year low of $4.61 and a 1-year high of $11.17. The company has a market cap of $528.78 million, a P/E ratio of -3.80 and a beta of 1.58.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PUMP shares. Citigroup lifted their price target on shares of ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Benchmark reiterated a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays decreased their price target on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Stifel Nicolaus increased their target price on ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.75.

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.