GSA Capital Partners LLP Purchases 266,183 Shares of ProPetro Holding Corp. $PUMP

GSA Capital Partners LLP grew its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 2,382.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 277,355 shares of the company’s stock after buying an additional 266,183 shares during the period. GSA Capital Partners LLP’s holdings in ProPetro were worth $1,453,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of ProPetro by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 163,394 shares of the company’s stock worth $975,000 after purchasing an additional 1,990 shares in the last quarter. Mutual Advisors LLC raised its holdings in ProPetro by 1.2% during the third quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock worth $864,000 after buying an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ProPetro by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after buying an additional 2,230 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of ProPetro by 14.2% in the third quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock valued at $99,000 after buying an additional 2,355 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of ProPetro by 4.4% during the second quarter. Franklin Resources Inc. now owns 56,941 shares of the company’s stock valued at $340,000 after buying an additional 2,418 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

ProPetro Stock Performance

Shares of PUMP opened at $12.03 on Wednesday. The stock has a 50 day moving average of $10.38 and a 200 day moving average of $8.07. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -70.76 and a beta of 0.77. ProPetro Holding Corp. has a 12 month low of $4.51 and a 12 month high of $12.60. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

PUMP has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, December 10th. Barclays restated a “neutral” rating on shares of ProPetro in a report on Wednesday, December 17th. Citigroup lifted their target price on ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Piper Sandler increased their price target on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ProPetro has a consensus rating of “Hold” and a consensus price target of $12.67.

About ProPetro

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.