ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,442 shares of the company’s stock after selling 2,055 shares during the period. Farther Finance Advisors LLC’s holdings in ProPetro were worth $191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 purchasing an additional 2,005 shares during the last quarter. GAMMA Investing LLC grew its position in shares of ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after buying an additional 1,225 shares during the last quarter. KBC Group NV grew its position in shares of ProPetro by 90.5% during the 4th quarter. KBC Group NV now owns 8,045 shares of the company’s stock valued at $75,000 after buying an additional 3,821 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ProPetro during the 3rd quarter valued at about $77,000. Finally, Raymond James Financial Inc. acquired a new position in ProPetro during the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PUMP. Citigroup boosted their target price on shares of ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus upped their price target 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. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a research note on Friday, December 6th. Finally, Barclays reduced their price target on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, ProPetro has an average rating of “Hold” and an average target price of $10.75.

ProPetro Stock Up 5.4 %

PUMP stock opened at $7.19 on Thursday. ProPetro Holding Corp. has a 12 month low of $6.54 and a 12 month high of $11.17. The firm has a market cap of $741.27 million, a PE ratio of -5.36 and a beta of 2.03. The firm has a 50 day simple moving average of $8.85 and a 200 day simple moving average of $8.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14.

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.