Strs Ohio Acquires 5,200 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Strs Ohio lifted its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,500 shares of the company’s stock after purchasing an additional 5,200 shares during the period. Strs Ohio owned about 0.06% of ProPetro worth $574,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versor Investments LP purchased a new stake in ProPetro in the 3rd quarter worth about $129,000. AXQ Capital LP purchased a new stake in ProPetro in the 3rd quarter worth about $132,000. Cable Hill Partners LLC purchased a new stake in ProPetro in the 3rd quarter worth about $143,000. SG Americas Securities LLC purchased a new stake in ProPetro in the 3rd quarter worth about $145,000. Finally, Third Point LLC purchased a new stake in ProPetro in the 3rd quarter worth about $159,000. 84.70% of the stock is currently owned by institutional investors.

ProPetro Stock Up 2.7 %

PUMP stock opened at $8.98 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $965.98 million, a PE ratio of 12.14 and a beta of 2.13. ProPetro Holding Corp. has a twelve month low of $6.33 and a twelve month high of $11.37. The stock has a 50-day simple moving average of $7.94 and a two-hundred day simple moving average of $8.54.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.24). ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The business had revenue of $347.80 million for the quarter, compared to analysts’ expectations of $351.50 million. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts predict that ProPetro Holding Corp. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on PUMP. Benchmark lowered ProPetro from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. TheStreet lowered ProPetro from a “b-” rating to a “c+” rating in a report on Monday, January 8th.

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.