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

Shares of ProPetro Holding Corp. (NYSE:PUMP) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.6667.

A number of equities research analysts have weighed in on PUMP shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a research note on Monday, December 29th. Piper Sandler raised their target price on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Zacks Research upgraded shares of ProPetro from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Barclays restated a “neutral” rating on shares of ProPetro in a research report on Wednesday, December 17th. Finally, Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, December 10th.

ProPetro Trading Up 0.5%

Shares of PUMP stock opened at $11.50 on Friday. ProPetro has a 1 year low of $4.51 and a 1 year high of $11.87. The firm has a market capitalization of $1.20 billion, a PE ratio of -67.64 and a beta of 0.75. The stock has a fifty day moving average of $10.04 and a two-hundred day moving average of $7.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.19 and a current ratio of 1.26.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The business had revenue of $293.92 million for the quarter, compared to analysts’ expectations of $266.25 million. ProPetro had a negative net margin of 1.31% and a negative return on equity of 0.06%. The company’s revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the business earned ($1.32) earnings per share. As a group, research analysts expect that ProPetro will post 0.25 EPS for the current year.

Institutional Trading of ProPetro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trek Financial LLC purchased a new stake in shares of ProPetro in the 3rd quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new stake in ProPetro during the 3rd quarter valued at $57,000. MQS Management LLC purchased a new stake in shares of ProPetro in the third quarter valued at $58,000. PharVision Advisers LLC purchased a new stake in shares of ProPetro in the second quarter valued at $60,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ProPetro in the second quarter worth $60,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.