ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $5.19, but opened at $5.38. ProPetro shares last traded at $5.37, with a volume of 148,055 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Citigroup upped their target price on shares of ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on shares of ProPetro from $11.00 to $12.00 and gave the company a "buy" rating in a report on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Finally, Barclays dropped 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, ProPetro currently has a consensus rating of "Hold" and a consensus target price of $10.75.
Read Our Latest Research Report on ProPetro
ProPetro Stock Performance
The business has a 50 day simple moving average of $7.02 and a two-hundred day simple moving average of $8.16. 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 market cap of $536.04 million, a PE ratio of -3.85 and a beta of 1.58.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in shares of ProPetro by 109.2% during the 3rd quarter. Barclays PLC now owns 242,057 shares of the company's stock worth $1,855,000 after buying an additional 126,346 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in ProPetro by 209.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company's stock worth $2,115,000 after acquiring an additional 184,273 shares in the last quarter. HighTower Advisors LLC purchased a new position in ProPetro during the 3rd quarter valued at about $197,000. New York State Common Retirement Fund raised its holdings in shares of ProPetro by 46.9% in the 4th quarter. New York State Common Retirement Fund now owns 23,498 shares of the company's stock valued at $219,000 after purchasing an additional 7,502 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of ProPetro in the 4th quarter worth approximately $948,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
ProPetro Company Profile
(
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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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