ProPetro Holding Corp. (NYSE:PUMP) Receives Average Recommendation of “Hold” from Analysts

ProPetro Holding Corp. (NYSE:PUMP) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.50.

PUMP has been the topic of a number of recent research reports. Citigroup increased their target price on ProPetro from $6.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Barclays restated a “neutral” rating on shares of ProPetro in a report on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Zacks Research raised shares of ProPetro from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded shares of ProPetro from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $7.00 to $13.00 in a report on Wednesday, December 10th.

Insider Activity at ProPetro

In other news, Director Michele Vion sold 6,916 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $10.64, for a total value of $73,586.24. Following the transaction, the director owned 45,029 shares in the company, valued at $479,108.56. This trade represents a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G Larry Lawrence sold 27,000 shares of ProPetro stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $10.84, for a total value of $292,680.00. Following the transaction, the director directly owned 35,831 shares in the company, valued at approximately $388,408.04. The trade was a 42.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of ProPetro

Institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of ProPetro in the first quarter valued at about $25,000. State of Wyoming purchased a new position in ProPetro during the first quarter worth about $48,000. Trek Financial LLC bought a new stake in ProPetro in the 3rd quarter worth about $57,000. Dark Forest Capital Management LP purchased a new stake in ProPetro in the 3rd quarter valued at about $57,000. Finally, MQS Management LLC purchased a new stake in ProPetro in the 3rd quarter valued at about $58,000. Institutional investors own 84.70% of the company’s stock.

ProPetro Stock Performance

Shares of ProPetro stock opened at $9.90 on Tuesday. The business has a 50-day simple moving average of $9.94 and a 200 day simple moving average of $7.03. ProPetro has a one year low of $4.51 and a one year high of $11.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.19. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -58.20 and a beta of 0.75.

ProPetro (NYSE:PUMP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.09. The business had revenue of $293.92 million for the quarter, compared to analyst estimates of $266.25 million. ProPetro had a negative return on equity of 0.06% and a negative net margin of 1.31%.The company’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.32) earnings per share. On average, research analysts anticipate that ProPetro will post 0.25 earnings per share for the current fiscal year.

ProPetro Company 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.