200,000 Shares in ProPetro Holding Corp. (NYSE:PUMP) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,866,000. Lighthouse Investment Partners LLC owned approximately 0.19% of ProPetro as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in ProPetro by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,236,135 shares of the company’s stock worth $30,193,000 after buying an additional 262,202 shares in the last quarter. Van ECK Associates Corp boosted its holdings in ProPetro by 57.3% during the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock worth $14,253,000 after buying an additional 556,747 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in ProPetro by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,034,873 shares of the company’s stock worth $9,655,000 after buying an additional 27,086 shares in the last quarter. Royce & Associates LP boosted its holdings in ProPetro by 29.5% during the fourth quarter. Royce & Associates LP now owns 931,139 shares of the company’s stock worth $8,688,000 after buying an additional 212,312 shares in the last quarter. Finally, Dana Investment Advisors Inc. boosted its holdings in ProPetro by 6.3% during the fourth quarter. Dana Investment Advisors Inc. now owns 796,775 shares of the company’s stock worth $7,434,000 after buying an additional 47,194 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

ProPetro Stock Performance

NYSE:PUMP opened at $6.11 on Wednesday. The company’s 50-day moving average price is $6.07 and its 200-day moving average price is $7.88. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The company has a market cap of $634.89 million, a P/E ratio of -4.56 and a beta of 1.19. ProPetro Holding Corp. has a twelve month low of $4.61 and a twelve month high of $11.17.

ProPetro (NYSE:PUMP) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $359.42 million for the quarter, compared to the consensus estimate of $344.36 million. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. On average, sell-side analysts forecast that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PUMP. Stifel Nicolaus decreased their price objective on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a report on Thursday, February 20th. Finally, Barclays decreased their price objective on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.50.

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.