Barclays PLC Purchases 126,346 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Barclays PLC boosted its position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 109.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,057 shares of the company's stock after acquiring an additional 126,346 shares during the period. Barclays PLC owned 0.24% of ProPetro worth $1,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PUMP. Point72 Asset Management L.P. bought a new stake in ProPetro during the third quarter valued at approximately $3,525,000. Pacer Advisors Inc. raised its position in shares of ProPetro by 95.4% during the 3rd quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company's stock valued at $54,790,000 after buying an additional 3,491,723 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of ProPetro during the 3rd quarter worth $1,013,000. Creative Planning grew its position in ProPetro by 80.0% in the third quarter. Creative Planning now owns 57,238 shares of the company's stock worth $438,000 after acquiring an additional 25,445 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in ProPetro in the third quarter valued at $2,292,000. Institutional investors own 84.70% of the company's stock.

ProPetro Trading Up 0.1 %

NYSE PUMP traded up $0.01 on Friday, hitting $9.04. The company's stock had a trading volume of 1,203,610 shares, compared to its average volume of 1,511,440. The company's 50-day simple moving average is $8.20 and its 200 day simple moving average is $8.23. ProPetro Holding Corp. has a 52-week low of $6.53 and a 52-week high of $10.02. The firm has a market cap of $930.49 million, a P/E ratio of -6.80 and a beta of 2.07. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05.

Insider Activity at ProPetro

In related news, CFO David Scott Schorlemer bought 4,500 shares of the business's stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $6.86 per share, with a total value of $30,870.00. Following the transaction, the chief financial officer now owns 112,992 shares in the company, valued at approximately $775,125.12. This trade represents a 4.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PUMP has been the topic of several research reports. Citigroup decreased their price target on shares of ProPetro from $8.50 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus lowered their price target on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. raised ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 target price for the company in a research note on Friday, December 6th. Finally, Barclays reduced their price target on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.25.

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.