ProPetro Holding Corp. (NYSE:PUMP - Get Free Report)'s share price gapped down prior to trading on Tuesday after Barclays lowered their price target on the stock from $12.00 to $11.00. The stock had previously closed at $7.67, but opened at $7.26. Barclays currently has an overweight rating on the stock. ProPetro shares last traded at $7.24, with a volume of 491,455 shares changing hands.
Several other equities analysts have also recently issued reports on PUMP. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price objective on the stock in a research report on Friday, December 6th. Stifel Nicolaus raised their target price on shares of ProPetro from $11.00 to $12.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Citigroup upped their price target on shares of ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, ProPetro has an average rating of "Hold" and an average price target of $10.75.
Read Our Latest Report on PUMP
Institutional Trading of ProPetro
A number of large investors have recently made changes to their positions in PUMP. GAMMA Investing LLC boosted its stake 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. MetLife Investment Management LLC boosted its position in ProPetro by 2.5% during the fourth quarter. MetLife Investment Management LLC now owns 52,933 shares of the company's stock worth $494,000 after acquiring an additional 1,270 shares during the last quarter. Corient Private Wealth LLC grew its stake in ProPetro by 8.7% in the 4th quarter. Corient Private Wealth LLC now owns 17,591 shares of the company's stock worth $164,000 after acquiring an additional 1,405 shares during the period. Ieq Capital LLC raised its holdings in ProPetro by 13.0% in the 4th quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock valued at $127,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 worth $28,000 after purchasing an additional 2,005 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.
ProPetro Stock Up 1.5 %
The firm has a market cap of $753.65 million, a price-to-earnings ratio of -5.45 and a beta of 2.03. 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 firm has a fifty day moving average price of $9.30 and a 200-day moving average price of $8.50.
About ProPetro
(
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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.
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