ProPetro Holding Corp. (NYSE:PUMP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of ProPetro Holding Corp. (NYSE:PUMP) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. One investment 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 12-month price target among brokers that have issued a report on the stock in the last year is $16.1250.

PUMP has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of ProPetro in a research note on Friday, April 10th. They set a “neutral” rating and a $15.00 price target on the stock. Citigroup upped their price target on shares of ProPetro from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings cut shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Bank of America initiated coverage on shares of ProPetro in a research note on Monday, March 30th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Barclays raised shares of ProPetro from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.00 to $23.00 in a research note on Thursday, May 7th.

ProPetro Stock Up 3.0%

Shares of ProPetro stock opened at $17.49 on Monday. The company has a market cap of $2.14 billion, a P/E ratio of -158.95 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.57 and a current ratio of 1.64. ProPetro has a one year low of $4.51 and a one year high of $18.50. The firm has a fifty day moving average of $14.87 and a two-hundred day moving average of $11.98.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. The company had revenue of $270.69 million during the quarter, compared to the consensus estimate of $277.49 million. During the same quarter in the prior year, the firm earned $0.09 EPS. ProPetro’s quarterly revenue was down 24.6% on a year-over-year basis. On average, analysts forecast that ProPetro will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On ProPetro

A number of institutional investors and hedge funds have recently made changes to their positions in PUMP. Valiant Capital Management L.P. acquired a new position in shares of ProPetro during the 4th quarter worth $34,890,000. Sourcerock Group LLC grew its stake in ProPetro by 66.4% in the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock valued at $50,198,000 after acquiring an additional 3,355,848 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in ProPetro in the 1st quarter valued at about $42,748,000. VR Advisory Services Ltd grew its stake in ProPetro by 213.2% in the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock valued at $19,280,000 after acquiring an additional 2,504,634 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in ProPetro by 209.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock valued at $14,170,000 after acquiring an additional 1,830,399 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

About ProPetro

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.