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

Shares of ProPetro Holding Corp. (NYSE:PUMP) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.00.

A number of research analysts have recently issued reports on PUMP shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of ProPetro in a research report on Wednesday, June 3rd. Citigroup increased their target price on shares of ProPetro from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $23.00 in a research note on Thursday, May 7th. Weiss Ratings lowered shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus set a $23.00 price target on ProPetro in a research report on Thursday, July 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new position in ProPetro during the 4th quarter valued at about $56,000. Dark Forest Capital Management LP acquired a new stake in ProPetro in the third quarter worth about $57,000. Raymond James Financial Inc. acquired a new stake in ProPetro in the second quarter worth about $60,000. Tower Research Capital LLC TRC grew its stake in shares of ProPetro by 70.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after acquiring an additional 4,461 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of ProPetro during the first quarter worth about $83,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

ProPetro Stock Performance

Shares of ProPetro stock opened at $11.10 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of -100.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.57 and a current ratio of 4.09. The company has a 50-day simple moving average of $13.90 and a two-hundred day simple moving average of $13.66. ProPetro has a one year low of $4.51 and a one year high of $18.50.

ProPetro (NYSE:PUMP) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The firm had revenue of $305.81 million for the quarter, compared to analysts’ expectations of $304.48 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts expect that ProPetro will post -0.02 EPS for the current fiscal year.

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.