314,760 Shares in ProPetro Holding Corp. (NYSE:PUMP) Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC purchased a new stake in ProPetro Holding Corp. (NYSE:PUMP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 314,760 shares of the company’s stock, valued at approximately $2,937,000. Brandywine Global Investment Management LLC owned about 0.31% of ProPetro at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PUMP. Smartleaf Asset Management LLC boosted its position in shares of ProPetro by 205.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company’s stock valued at $28,000 after purchasing an additional 2,005 shares during the period. GAMMA Investing LLC lifted its stake in ProPetro by 38.0% in the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after buying an additional 1,225 shares during the last quarter. KBC Group NV boosted its holdings in shares of ProPetro by 90.5% in the fourth quarter. KBC Group NV now owns 8,045 shares of the company’s stock valued at $75,000 after acquiring an additional 3,821 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ProPetro during the third quarter worth approximately $77,000. Finally, Raymond James Financial Inc. purchased a new position in shares of ProPetro during the fourth quarter worth approximately $94,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PUMP shares. Benchmark reiterated a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th. Stifel Nicolaus increased their target price on shares of ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upgraded ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Citigroup increased their price objective on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Barclays dropped their target price on ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, ProPetro presently has an average rating of “Hold” and an average price target of $10.75.

ProPetro Price Performance

Shares of NYSE:PUMP opened at $7.58 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $8.22 and a 200 day moving average price of $8.45. ProPetro Holding Corp. has a 52 week low of $6.54 and a 52 week high of $11.17. The company has a market cap of $782.02 million, a P/E ratio of -5.66 and a beta of 2.03.

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.