ProPetro (NYSE:PUMP) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of ProPetro (NYSE:PUMP) to a hold rating in a report published on Thursday,Zacks.com reports.

PUMP has been the topic of a number of other research reports. Piper Sandler raised their price target on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Bank of America initiated coverage on ProPetro in a research report on Monday, March 30th. They issued a “buy” rating and a $18.00 price target on the stock. Barclays raised their price objective on ProPetro from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a research note on Monday, December 29th. Finally, Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ProPetro presently has a consensus rating of “Hold” and an average target price of $14.00.

ProPetro Stock Up 1.1%

Shares of NYSE PUMP opened at $13.80 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. ProPetro has a 52 week low of $4.51 and a 52 week high of $15.49. The stock has a market capitalization of $1.69 billion, a P/E ratio of 1,379.50 and a beta of 0.62. The stock’s fifty day moving average is $12.90 and its 200 day moving average is $10.30.

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

Institutional Trading of ProPetro

Several large investors have recently bought and sold shares of PUMP. Aster Capital Management DIFC Ltd acquired a new stake in ProPetro in the fourth quarter valued at about $56,000. Trek Financial LLC acquired a new stake in ProPetro in the third quarter valued at about $57,000. Dark Forest Capital Management LP acquired a new stake in ProPetro in the third quarter valued at about $57,000. MQS Management LLC acquired a new stake in shares of ProPetro during the third quarter valued at about $58,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ProPetro during the second quarter valued at about $60,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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.