Dana Investment Advisors Inc. Purchases 47,194 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Dana Investment Advisors Inc. increased its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 6.3% during the 4th quarter, Holdings Channel reports. The fund owned 796,775 shares of the company’s stock after buying an additional 47,194 shares during the quarter. Dana Investment Advisors Inc.’s holdings in ProPetro were worth $7,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PUMP. Pacer Advisors Inc. raised its holdings in ProPetro by 95.4% during the 3rd quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock worth $54,790,000 after buying an additional 3,491,723 shares during the period. Van ECK Associates Corp raised its holdings in ProPetro by 57.3% during the 4th 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 during the period. Point72 Asset Management L.P. acquired a new stake in ProPetro during the 3rd quarter worth approximately $3,525,000. Weiss Asset Management LP acquired a new stake in ProPetro during the 3rd quarter worth approximately $2,292,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in ProPetro by 209.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock worth $2,115,000 after buying an additional 184,273 shares during the period. Institutional investors own 84.70% of the company’s stock.

ProPetro Stock Performance

Shares of PUMP opened at $7.44 on Thursday. The company has a market cap of $767.06 million, a PE ratio of -5.55 and a beta of 2.03. The firm has a 50-day moving average of $9.40 and a 200-day moving average of $8.53. ProPetro Holding Corp. has a one year low of $6.53 and a one year high of $11.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14.

Wall Street Analyst Weigh In

Several brokerages have commented on PUMP. Barclays dropped their target price on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup raised their target price on shares of ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a report on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of ProPetro from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Benchmark reiterated a “hold” rating on shares of ProPetro in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, ProPetro presently has a consensus rating of “Hold” and a consensus price target of $10.75.

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.