ProPetro Holding Corp. (NYSE:PUMP) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 1.8% in the second quarter, HoldingsChannel reports. The fund owned 111,904 shares of the company’s stock after buying an additional 1,990 shares during the period. Victory Capital Management Inc.’s holdings in ProPetro were worth $970,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC boosted its holdings in shares of ProPetro by 87.1% in the second quarter. Chilton Capital Management LLC now owns 8,595 shares of the company’s stock valued at $75,000 after acquiring an additional 4,000 shares in the last quarter. Innealta Capital LLC acquired a new stake in ProPetro in the second quarter worth approximately $76,000. Vanguard Personalized Indexing Management LLC bought a new position in ProPetro during the 4th quarter valued at $90,000. Quadrant Capital Group LLC increased its position in shares of ProPetro by 60.0% during the 4th quarter. Quadrant Capital Group LLC now owns 12,136 shares of the company’s stock valued at $102,000 after purchasing an additional 4,550 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of ProPetro in the 4th quarter worth $102,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their target price on ProPetro from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Insider Buying and Selling

In other ProPetro news, Director Michele Vion sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $8.26, for a total value of $41,300.00. Following the completion of the transaction, the director now directly owns 34,006 shares in the company, valued at $280,889.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.88% of the stock is currently owned by company insiders.

ProPetro Trading Up 0.2 %

Shares of NYSE:PUMP opened at $8.25 on Friday. The stock has a market capitalization of $858.80 million, a price-to-earnings ratio of 12.31 and a beta of 2.02. ProPetro Holding Corp. has a 1-year low of $6.74 and a 1-year high of $11.37. The company has a 50 day moving average price of $8.17 and a 200 day moving average price of $8.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.11.

ProPetro (NYSE:PUMP) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $361.85 million. ProPetro had a return on equity of 3.39% and a net margin of 2.21%. The business’s revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. On average, research analysts anticipate that ProPetro Holding Corp. will post 0.24 EPS for the current fiscal year.

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.