Royce & Associates LP Grows Position in ProPetro Holding Corp. (NYSE:PUMP)

Royce & Associates LP grew its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 931,139 shares of the company's stock after acquiring an additional 212,312 shares during the quarter. Royce & Associates LP owned about 0.90% of ProPetro worth $8,688,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in ProPetro by 38.0% in the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock valued at $41,000 after purchasing an additional 1,225 shares during the last quarter. Ieq Capital LLC grew its position in shares of ProPetro by 13.0% in 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 during the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 buying an additional 2,005 shares during the last quarter. Franklin Resources Inc. lifted its position in ProPetro by 5.8% during the third quarter. Franklin Resources Inc. now owns 61,979 shares of the company's stock valued at $513,000 after acquiring an additional 3,417 shares during the last quarter. Finally, 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. 84.70% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

PUMP has been the subject of several analyst reports. Barclays decreased their price objective on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Benchmark reissued 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 report on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Citigroup boosted 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, ProPetro has an average rating of "Hold" and a consensus price target of $10.75.

ProPetro Stock Performance

Shares of NYSE:PUMP traded down $0.06 during trading on Friday, hitting $7.24. The stock had a trading volume of 3,607,582 shares, compared to its average volume of 1,471,705. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a 12-month low of $6.54 and a 12-month high of $11.17. The stock has a market capitalization of $746.43 million, a price-to-earnings ratio of -5.40 and a beta of 2.03. The stock has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.43.

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.