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

ProPetro Holding Corp. (NYSE:PUMP) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.6667.

A number of equities analysts have recently weighed in on PUMP shares. Barclays reaffirmed a “neutral” rating on shares of ProPetro in a research note on Wednesday, December 17th. Piper Sandler upped their target price on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Citigroup lifted their price target on ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 31st. JPMorgan Chase & Co. upgraded ProPetro from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $7.00 to $13.00 in a report on Wednesday, December 10th. Finally, Wolfe Research raised shares of ProPetro to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, December 10th.

Institutional Investors Weigh In On ProPetro

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ProPetro by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after buying an additional 2,230 shares during the last quarter. Millennium Management LLC boosted its holdings in ProPetro by 44.6% during the first quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock valued at $5,408,000 after acquiring an additional 226,914 shares during the period. Jones Financial Companies Lllp boosted its holdings in ProPetro by 16,264.8% during the first quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock valued at $198,000 after acquiring an additional 26,837 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ProPetro by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock valued at $4,483,000 after purchasing an additional 21,519 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of ProPetro in the first quarter worth about $272,000. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

Shares of PUMP opened at $11.50 on Friday. The business’s 50-day moving average is $10.04 and its 200-day moving average is $7.56. 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 company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -67.64 and a beta of 0.75. ProPetro has a fifty-two week low of $4.51 and a fifty-two week high of $11.87.

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