ProPetro Holding Corp. (NYSE:PUMP) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC grew its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 23.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,510 shares of the company’s stock after buying an additional 6,622 shares during the quarter. EntryPoint Capital LLC’s holdings in ProPetro were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in ProPetro by 57.3% in the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock valued at $14,253,000 after acquiring an additional 556,747 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of ProPetro in the third quarter valued at about $3,525,000. Weiss Asset Management LP purchased a new stake in ProPetro during the third quarter worth about $2,292,000. American Century Companies Inc. grew its position 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 during the period. Finally, Royce & Associates LP increased its holdings in ProPetro by 29.5% in the fourth quarter. Royce & Associates LP now owns 931,139 shares of the company’s stock valued at $8,688,000 after buying an additional 212,312 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Stifel Nicolaus upped their price target 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 reissued a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th. Citigroup upped their target price on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, ProPetro presently has an average rating of “Hold” and an average price target of $10.75.

ProPetro Stock Performance

NYSE:PUMP opened at $7.60 on Friday. ProPetro Holding Corp. has a 1-year low of $6.54 and a 1-year high of $11.17. The firm has a 50 day simple moving average of $8.50 and a 200-day simple moving average of $8.43. The firm has a market cap of $783.57 million, a PE ratio of -5.67 and a beta of 2.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14.

ProPetro 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.