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 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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