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

Shares of ProPetro Holding Corp. (NYSE:PUMP) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.00.

A number of research firms have commented on PUMP. Piper Sandler started coverage on ProPetro in a research note on Monday, July 14th. They issued a “neutral” rating and a $7.00 price objective on the stock. Stifel Nicolaus set a $10.00 price target on ProPetro and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. cut their price target on ProPetro from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jump Financial LLC acquired a new position in ProPetro during the 2nd quarter valued at about $1,566,000. Kennedy Capital Management LLC grew its position in shares of ProPetro by 7.7% in the 2nd quarter. Kennedy Capital Management LLC now owns 187,216 shares of the company’s stock valued at $1,118,000 after purchasing an additional 13,363 shares during the period. PharVision Advisers LLC acquired a new position in shares of ProPetro in the 2nd quarter valued at approximately $60,000. Quantbot Technologies LP grew its position in shares of ProPetro by 15.4% in the 2nd quarter. Quantbot Technologies LP now owns 174,652 shares of the company’s stock valued at $1,043,000 after purchasing an additional 23,372 shares during the period. Finally, Hsbc Holdings PLC boosted its position in ProPetro by 150.3% during the 2nd quarter. Hsbc Holdings PLC now owns 124,781 shares of the company’s stock worth $752,000 after acquiring an additional 74,923 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

ProPetro Price Performance

Shares of ProPetro stock opened at $4.91 on Friday. The stock has a market capitalization of $510.48 million, a price-to-earnings ratio of -3.34 and a beta of 1.18. The firm’s 50-day moving average price is $5.92 and its two-hundred day moving average price is $6.49. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07. ProPetro has a 1-year low of $4.60 and a 1-year high of $11.17.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, July 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%. The business had revenue of $326.15 million during the quarter, compared to analyst estimates of $331.26 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The firm’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that ProPetro will post 0.25 earnings per share for the current fiscal year.

About ProPetro

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.