ProPetro Holding Corp. (NYSE:PUMP) Given Consensus Rating of “Moderate Buy” by Brokerages

ProPetro Holding Corp. (NYSE:PUMP) has been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.6250.

A number of research firms recently commented on PUMP. Weiss Ratings downgraded shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Citigroup increased their target price on shares of ProPetro from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Bank of America began coverage on shares of ProPetro in a research report on Monday, March 30th. They issued a “buy” rating and a $18.00 target price on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 target price on shares of ProPetro in a research report on Wednesday. Finally, Piper Sandler increased their target price on shares of ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, May 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in ProPetro by 1.1% during the 1st quarter. Bank of America Corp DE now owns 719,724 shares of the company’s stock worth $10,371,000 after purchasing an additional 7,532 shares during the last quarter. California State Teachers Retirement System grew its position in ProPetro by 80.9% during the 1st quarter. California State Teachers Retirement System now owns 138,818 shares of the company’s stock worth $2,000,000 after purchasing an additional 62,090 shares during the last quarter. Readystate Asset Management LP purchased a new position in ProPetro during the 1st quarter worth $1,516,000. Empowered Funds LLC grew its position in ProPetro by 44.4% during the 1st quarter. Empowered Funds LLC now owns 1,130,021 shares of the company’s stock worth $16,284,000 after purchasing an additional 347,304 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in ProPetro by 87.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 45,065 shares of the company’s stock worth $649,000 after purchasing an additional 20,968 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

ProPetro Trading Up 1.0%

NYSE PUMP opened at $16.51 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57. The firm’s fifty day moving average price is $15.63 and its 200 day moving average price is $12.62. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -150.06 and a beta of 0.70. ProPetro has a 12 month low of $4.51 and a 12 month high of $18.50.

ProPetro (NYSE:PUMP) last posted its earnings results on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The firm had revenue of $270.69 million for the quarter, compared to the consensus estimate of $277.49 million. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. The company’s revenue was down 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. On average, sell-side analysts expect that ProPetro will post -0.08 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.