Stanley Laman Group Ltd. Has $4.28 Million Stake in ProPetro Holding Corp. (NYSE:PUMP)

Stanley Laman Group Ltd. boosted its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458,425 shares of the company’s stock after purchasing an additional 12,191 shares during the quarter. Stanley Laman Group Ltd. owned about 0.45% of ProPetro worth $4,277,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in ProPetro by 84.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock valued at $25,000 after acquiring an additional 1,473 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of ProPetro by 226.3% during the third quarter. nVerses Capital LLC now owns 6,200 shares of the company’s stock worth $47,000 after purchasing an additional 4,300 shares in the last quarter. CWM LLC grew its holdings in shares of ProPetro by 17.2% during the third quarter. CWM LLC now owns 8,624 shares of the company’s stock worth $66,000 after purchasing an additional 1,267 shares in the last quarter. KBC Group NV lifted its position in ProPetro by 90.5% in the 4th quarter. KBC Group NV now owns 8,045 shares of the company’s stock worth $75,000 after buying an additional 3,821 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in ProPetro in the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

PUMP has been the subject of several recent research reports. Barclays lowered their price objective on ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a research note on Friday, December 6th. Finally, Citigroup increased their target price on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.75.

ProPetro Trading Down 2.5 %

NYSE PUMP opened at $8.81 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. The business has a 50 day simple moving average of $9.49 and a two-hundred day simple moving average of $8.52. ProPetro Holding Corp. has a 1-year low of $6.53 and a 1-year high of $11.17.

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.