Propetro Holding Corp (NYSE:PUMP) has been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.61.
A number of equities analysts have issued reports on PUMP shares. AltaCorp Capital cut Propetro from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 31st. ValuEngine upgraded Propetro from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Evercore ISI restated a “buy” rating and set a $26.00 price target on shares of Propetro in a report on Sunday, August 11th. Wells Fargo & Co lowered their price objective on Propetro from $22.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Finally, R. F. Lafferty lowered shares of Propetro to a “hold” rating in a report on Wednesday, September 4th.
Shares of PUMP opened at $9.44 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.38 and a current ratio of 1.38. Propetro has a 52-week low of $7.07 and a 52-week high of $25.38. The firm has a market cap of $885.70 million, a price-to-earnings ratio of 4.55, a PEG ratio of 0.32 and a beta of 1.88. The business’s fifty day moving average is $8.29 and its 200-day moving average is $13.24.
Propetro Company Profile
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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