Propetro Holding Corp (NYSE:PUMP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Propetro Holding Corp (NYSE:PUMP) have been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

A number of analysts have weighed in on the company. AltaCorp Capital reaffirmed an “outperform” rating on shares of Propetro in a research report on Thursday, June 20th. Citigroup reaffirmed a “buy” rating and issued a $25.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. Bank of America cut Propetro from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Raymond James reaffirmed a “buy” rating and issued a $26.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. Finally, ValuEngine cut Propetro from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th.

Shares of NYSE:PUMP traded down $4.59 on Friday, reaching $12.75. The company had a trading volume of 9,690,200 shares, compared to its average volume of 1,350,356. Propetro has a twelve month low of $11.27 and a twelve month high of $25.38. The company has a 50-day moving average of $18.34. The stock has a market cap of $1.59 billion, a PE ratio of 6.38, a P/E/G ratio of 0.33 and a beta of 1.67. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.19.

Propetro (NYSE:PUMP) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Propetro had a return on equity of 30.69% and a net margin of 11.09%. The company had revenue of $546.18 million during the quarter, compared to analysts’ expectations of $524.22 million. On average, research analysts anticipate that Propetro will post 2.59 EPS for the current year.

About Propetro

ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.

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Analyst Recommendations for Propetro (NYSE:PUMP)

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