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

Shares of ProPetro Holding Corp. (NYSE:PUMP) have received an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $12.6667.

PUMP has been the subject of several research analyst reports. Citigroup boosted their price target on shares of ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, December 10th. Piper Sandler increased their price target on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upgraded ProPetro from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $7.00 to $13.00 in a report on Wednesday, December 10th.

ProPetro Stock Performance

Shares of PUMP stock opened at $11.61 on Wednesday. The stock has a market cap of $1.42 billion, a PE ratio of 1,160.90 and a beta of 0.77. The stock has a 50-day moving average of $10.46 and a 200-day moving average of $8.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 1.24. ProPetro has a one year low of $4.51 and a one year high of $13.25.

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

Institutional Investors Weigh In On ProPetro

Several institutional investors have recently added to or reduced their stakes in PUMP. Aster Capital Management DIFC Ltd acquired a new stake in shares of ProPetro in the 4th quarter valued at about $56,000. Raymond James Financial Inc. acquired a new stake in ProPetro in the 2nd quarter valued at approximately $60,000. PharVision Advisers LLC bought a new stake in ProPetro in the 2nd quarter valued at approximately $60,000. Tower Research Capital LLC TRC boosted its position in ProPetro by 70.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after acquiring an additional 4,461 shares during the last quarter. Finally, Trek Financial LLC bought a new position in shares of ProPetro during the 3rd quarter worth approximately $57,000. 84.70% of the stock is owned by institutional investors.

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.