DekaBank Deutsche Girozentrale Purchases Shares of 17,435 ProPetro Holding Corp. (NYSE:PUMP)

DekaBank Deutsche Girozentrale acquired a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,435 shares of the company’s stock, valued at approximately $146,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PUMP. Chilton Capital Management LLC boosted its stake in ProPetro by 87.1% in the 2nd quarter. Chilton Capital Management LLC now owns 8,595 shares of the company’s stock valued at $75,000 after buying an additional 4,000 shares in the last quarter. Innealta Capital LLC bought a new position in shares of ProPetro during the second quarter valued at $76,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of ProPetro in the 4th quarter valued at $90,000. Headlands Technologies LLC bought a new stake in shares of ProPetro in the 2nd quarter worth about $99,000. Finally, 9258 Wealth Management LLC acquired a new stake in shares of ProPetro during the 1st quarter worth about $100,000. 84.70% of the stock is owned by institutional investors.

ProPetro Price Performance

Shares of PUMP stock opened at $8.24 on Friday. ProPetro Holding Corp. has a 52 week low of $6.74 and a 52 week high of $11.37. The stock has a market capitalization of $858.28 million, a PE ratio of 12.30 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.11. The stock’s fifty day moving average is $8.17 and its 200-day moving average is $8.45.

ProPetro (NYSE:PUMP) last posted 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). ProPetro had a net margin of 2.21% and a return on equity of 3.39%. The company had revenue of $357.00 million during the quarter, compared to analyst estimates of $361.85 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s revenue was down 17.9% compared to the same quarter last year. Equities research analysts expect that ProPetro Holding Corp. will post 0.24 EPS for the current fiscal year.

Insider Activity at ProPetro

In other ProPetro news, Director Michele Vion sold 5,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $8.26, for a total value of $41,300.00. Following the transaction, the director now directly owns 34,006 shares in the company, valued at approximately $280,889.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their price target on shares of ProPetro from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

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.