Analysts Set ProPetro Holding Corp. (NYSE:PUMP) PT at $10.25

Shares of ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.25.

A number of research analysts have issued reports on PUMP shares. Stifel Nicolaus decreased their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. raised shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price objective for the company in a research note on Friday. Citigroup lowered their price target on shares of ProPetro from $8.50 to $8.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Finally, Barclays cut their price objective on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th.

ProPetro Trading Down 4.0 %

Shares of PUMP traded down $0.33 during midday trading on Friday, hitting $7.91. 1,487,189 shares of the stock traded hands, compared to its average volume of 1,092,209. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. ProPetro has a 1-year low of $6.53 and a 1-year high of $10.02. The business's 50 day moving average price is $7.96 and its two-hundred day moving average price is $8.26.

Insider Activity at ProPetro

In other news, CFO David Scott Schorlemer bought 4,500 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $6.86 per share, for a total transaction of $30,870.00. Following the completion of the acquisition, the chief financial officer now directly owns 112,992 shares in the company, valued at approximately $775,125.12. This represents a 4.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.88% of the stock is currently owned by company insiders.

Institutional Trading of ProPetro

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in ProPetro by 95.4% during the third quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company's stock worth $54,790,000 after acquiring an additional 3,491,723 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of ProPetro in the 2nd quarter valued at about $746,000. Exchange Traded Concepts LLC bought a new stake in ProPetro in the 3rd quarter valued at about $1,013,000. Creative Planning raised its stake in ProPetro by 80.0% during the 3rd quarter. Creative Planning now owns 57,238 shares of the company's stock worth $438,000 after buying an additional 25,445 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in ProPetro in the second quarter valued at approximately $764,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.