GSA Capital Partners LLP Has $1.45 Million Position in ProPetro Holding Corp. $PUMP

GSA Capital Partners LLP increased its stake in shares of ProPetro Holding Corp. (NYSE:PUMP) by 2,382.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,355 shares of the company’s stock after purchasing an additional 266,183 shares during the quarter. GSA Capital Partners LLP owned approximately 0.27% of ProPetro worth $1,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PUMP. Trek Financial LLC acquired a new position in shares of ProPetro during the third quarter worth $57,000. MQS Management LLC acquired a new stake in shares of ProPetro during the third quarter valued at about $58,000. PharVision Advisers LLC acquired a new position in shares of ProPetro in the second quarter valued at approximately $60,000. Raymond James Financial Inc. bought a new position in ProPetro in the 2nd quarter valued at approximately $60,000. Finally, Tower Research Capital LLC TRC boosted its position in ProPetro by 70.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after buying an additional 4,461 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

PUMP has been the subject of several analyst reports. Citigroup raised their price target on shares of ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Barclays reaffirmed a “neutral” rating on shares of ProPetro in a research report on Wednesday, December 17th. Piper Sandler upped their price target on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Finally, Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.67.

ProPetro Stock Performance

Shares of PUMP stock opened at $12.03 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.26 and a debt-to-equity ratio of 0.11. ProPetro Holding Corp. has a 52 week low of $4.51 and a 52 week high of $12.60. The firm has a 50 day moving average of $10.38 and a 200-day moving average of $8.07. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -70.76 and a beta of 0.77.

ProPetro Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.