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

ProPetro Holding Corp. (NYSE:PUMP) has received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.8333.

PUMP has been the topic of several research reports. JPMorgan Chase & Co. upgraded ProPetro from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $7.00 to $13.00 in a research note on Wednesday, December 10th. Piper Sandler increased their price target on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Barclays lifted their price objective on ProPetro from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Finally, Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, December 10th.

ProPetro Trading Down 0.8%

Shares of PUMP stock opened at $14.59 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.78 billion, a P/E ratio of 1,458.80 and a beta of 0.70. The company has a 50 day moving average of $11.84 and a 200-day moving average of $9.32. ProPetro has a 12-month low of $4.51 and a 12-month high of $15.18.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.14. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The business had revenue of $289.68 million for the quarter, compared to the consensus estimate of $279.90 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. ProPetro’s revenue for the quarter was down 9.6% on a year-over-year basis. Sell-side analysts anticipate that ProPetro will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On ProPetro

Large investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new stake in ProPetro during the 4th quarter worth about $56,000. Trek Financial LLC purchased a new stake in shares of ProPetro in the third quarter worth about $57,000. Dark Forest Capital Management LP bought a new position in shares of ProPetro in the third quarter valued at approximately $57,000. MQS Management LLC bought a new stake in ProPetro during the 3rd quarter worth approximately $58,000. Finally, PharVision Advisers LLC purchased a new stake in ProPetro in the 2nd quarter worth approximately $60,000. 84.70% of the stock is owned by institutional investors.

About ProPetro

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.