ProPetro Holding Corp. (NYSE:PUMP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of ProPetro Holding Corp. (NYSE:PUMP) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.25.

A number of research analysts have issued reports on the company. Odeon Capital Group began coverage on ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. Barclays upgraded ProPetro from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $23.00 in a research note on Thursday, May 7th. Piper Sandler boosted their price target on shares of ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Finally, Bank of America started coverage on shares of ProPetro in a report on Monday, March 30th. They set a “buy” rating and a $18.00 price objective for the company.

Institutional Investors Weigh In On ProPetro

A number of hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC lifted its stake in ProPetro by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock valued at $139,000 after purchasing an additional 944 shares during the last quarter. FourThought Financial Partners LLC increased its position in ProPetro by 3.1% in the fourth quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company’s stock worth $578,000 after buying an additional 1,840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ProPetro by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after buying an additional 2,230 shares during the last quarter. Jane Street Group LLC raised its stake in shares of ProPetro by 1.4% in the first quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock valued at $1,648,000 after buying an additional 3,100 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of ProPetro by 6.3% in the first quarter. Lazard Asset Management LLC now owns 54,637 shares of the company’s stock valued at $787,000 after buying an additional 3,219 shares during the period. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

Shares of NYSE PUMP opened at $11.78 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of -107.05 and a beta of 0.72. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $14.57 and its 200-day moving average price is $13.61. ProPetro has a twelve month low of $4.51 and a twelve month high of $18.50.

ProPetro (NYSE:PUMP) last issued its quarterly 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 company had revenue of $270.69 million during the quarter, compared to the consensus estimate of $277.49 million. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.ProPetro’s revenue was down 24.6% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. On average, equities analysts anticipate that ProPetro will post -0.02 EPS for the current year.

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.