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

Shares of ProPetro Holding Corp. (NYSE:PUMP) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.8333.

Several analysts recently commented on the company. Barclays upped their target price on ProPetro from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. JPMorgan Chase & Co. raised shares of ProPetro from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $7.00 to $13.00 in a research note on Wednesday, December 10th. Finally, Piper Sandler increased their price objective on shares of ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th.

ProPetro Stock Down 0.8%

Shares of NYSE:PUMP opened at $14.59 on Friday. The firm has a market cap of $1.78 billion, a P/E ratio of 1,458.80 and a beta of 0.70. ProPetro has a 12-month low of $4.51 and a 12-month high of $15.18. The business has a fifty day simple moving average of $11.84 and a 200 day simple moving average of $9.32. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.13.

ProPetro (NYSE:PUMP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, beating 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 firm had revenue of $289.68 million for the quarter, compared to analyst estimates of $279.90 million. During the same quarter in the previous year, the company posted ($0.17) EPS. The business’s revenue was down 9.6% on a year-over-year basis. Analysts predict that ProPetro will post 0.25 earnings per share for the current year.

Institutional Trading of ProPetro

A number of large investors have recently bought and sold shares of the business. ProShare Advisors LLC increased its position in shares of 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 purchasing an additional 944 shares during the last quarter. FourThought Financial Partners LLC boosted its holdings in shares of ProPetro by 3.1% in the 4th 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. Mutual Advisors LLC grew its position in ProPetro by 1.2% during the third quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock valued at $864,000 after buying an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after buying an additional 2,230 shares during the period. Finally, Profund Advisors LLC increased its holdings in ProPetro by 14.2% during the third quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after buying an additional 2,355 shares during the last quarter. 84.70% of the stock is currently 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.