Citigroup cut shares of Propetro (NYSE:PUMP) from a buy rating to a neutral rating in a report released on Friday morning, Stock Target Advisor reports. They currently have $17.60 price objective on the stock, down from their prior price objective of $25.00.
Several other analysts have also recently commented on the stock. ValuEngine cut shares of Propetro from a sell rating to a strong sell rating in a research note on Monday, July 29th. Raymond James restated a buy rating and set a $26.00 price objective on shares of Propetro in a research note on Tuesday, July 2nd. Bank of America cut shares of Propetro from a buy rating to a neutral rating in a research note on Tuesday, April 16th. B. Riley initiated coverage on shares of Propetro in a research note on Friday, May 17th. They issued a buy rating and a $29.00 target price for the company. Finally, AltaCorp Capital reiterated an outperform rating on shares of Propetro in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $24.29.
Shares of NYSE PUMP opened at $12.21 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.47 and a current ratio of 1.49. Propetro has a 12 month low of $11.27 and a 12 month high of $25.38. The company’s 50 day simple moving average is $17.93. The firm has a market cap of $1.74 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.36 and a beta of 1.67.
ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.
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