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

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

PUMP has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of ProPetro in a research report on Wednesday, June 3rd. Barclays raised ProPetro from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $23.00 in a research report on Thursday, May 7th. Citigroup boosted their price target on ProPetro from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Piper Sandler boosted their price target on ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Odeon Capital Group started coverage on ProPetro in a research report on Thursday, May 28th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On ProPetro

A number of hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in ProPetro by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock valued at $139,000 after buying an additional 944 shares during the last quarter. FourThought Financial Partners LLC grew its position in shares of ProPetro by 3.1% during the 4th quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company’s stock valued at $578,000 after acquiring an additional 1,840 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ProPetro by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after acquiring an additional 2,230 shares during the period. Jane Street Group LLC grew its position in shares of ProPetro by 1.4% during the 1st quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock valued at $1,648,000 after acquiring an additional 3,100 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of ProPetro by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 54,637 shares of the company’s stock valued at $787,000 after acquiring an additional 3,219 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

ProPetro Stock Down 0.1%

NYSE PUMP opened at $14.78 on Tuesday. 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 stock has a market capitalization of $1.81 billion, a PE ratio of -134.37 and a beta of 0.70. ProPetro has a 1 year low of $4.51 and a 1 year high of $18.50. The business’s 50-day moving average is $15.86 and its 200 day moving average is $13.21.

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