Propetro (NYSE:PUMP) had its price target cut by B. Riley from $29.00 to $17.00 in a report issued on Friday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
Several other analysts have also recently weighed in on PUMP. AltaCorp Capital restated an outperform rating on shares of Propetro in a report on Thursday, June 20th. Evercore ISI restated a buy rating and set a $26.00 price target on shares of Propetro in a report on Sunday, August 11th. R. F. Lafferty cut Propetro to a hold rating in a report on Wednesday, September 4th. Wells Fargo & Co reduced their price target on Propetro from $22.00 to $15.00 and set an outperform rating on the stock in a report on Thursday, September 12th. Finally, Piper Jaffray Companies raised Propetro to an overweight rating and cut their price objective for the stock from $17.00 to $12.00 in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Propetro presently has an average rating of Buy and an average target price of $17.86.
NYSE:PUMP opened at $7.91 on Friday. The stock has a market cap of $864.61 million, a P/E ratio of 3.96, a price-to-earnings-growth ratio of 0.25 and a beta of 1.88. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $9.58 and its 200-day moving average is $16.74. Propetro has a 1-year low of $7.61 and a 1-year high of $25.38.
Propetro (NYSE:PUMP) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.31). The firm had revenue of $529.49 million for the quarter, compared to the consensus estimate of $523.61 million. Propetro had a return on equity of 26.19% and a net margin of 10.54%. As a group, equities analysts forecast that Propetro will post 1.88 EPS for the current year.
Propetro Company Profile
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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