Propetro Holding Corp (NYSE:PUMP) Receives $20.61 Average Target Price from Analysts

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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 (NYSE:PUMP) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.15). The business had revenue of $541.85 million for the quarter, compared to the consensus estimate of $508.39 million. Propetro had a return on equity of 21.83% and a net margin of 9.40%. As a group, research analysts forecast that Propetro will post 1.48 EPS for the current fiscal year.

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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Analyst Recommendations for Propetro (NYSE:PUMP)

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