ProPetro Holding Corp. (NYSE:PUMP) Receives $18.25 Consensus Price Target from Analysts

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

A number of research firms have recently weighed in on PUMP. Odeon Capital Group started coverage on ProPetro in a report on Thursday, May 28th. They set a “buy” rating for the company. Piper Sandler raised their price target on shares of ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $23.00 in a research note on Thursday, May 7th. Bank of America initiated coverage on shares of ProPetro in a report on Monday, March 30th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Stifel Nicolaus set a $23.00 target price on shares of ProPetro in a research report on Thursday, July 2nd.

ProPetro Stock Performance

NYSE:PUMP opened at $10.80 on Friday. The stock has a 50 day simple moving average of $14.43 and a 200 day simple moving average of $13.65. The stock has a market cap of $1.32 billion, a P/E ratio of -98.15 and a beta of 0.72. ProPetro has a 1-year low of $4.51 and a 1-year high of $18.50. The company has a current ratio of 1.64, a quick ratio of 1.57 and a debt-to-equity ratio of 0.08.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The firm had revenue of $270.69 million for the quarter, compared to analyst estimates of $277.49 million. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The company’s revenue for the quarter was down 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Research analysts anticipate that ProPetro will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On ProPetro

Institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in ProPetro during the fourth quarter worth approximately $56,000. Dark Forest Capital Management LP bought a new position in ProPetro during the 3rd quarter worth $57,000. Raymond James Financial Inc. acquired a new position in ProPetro in the 2nd quarter valued at $60,000. Tower Research Capital LLC TRC raised its holdings in ProPetro by 70.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock valued at $64,000 after acquiring an additional 4,461 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of ProPetro during the 1st quarter valued at $83,000. 84.70% of the stock is currently owned by institutional investors.

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.