ProPetro Holding Corp. (NYSE:PUMP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of ProPetro Holding Corp. (NYSE:PUMP) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.6250.

PUMP has been the subject of several recent analyst reports. Weiss Ratings lowered shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Piper Sandler upped their target price on shares of ProPetro from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Odeon Capital Group initiated coverage on shares of ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $23.00 in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.00 target price on shares of ProPetro in a research note on Wednesday, June 3rd.

ProPetro Stock Performance

NYSE PUMP opened at $14.69 on Friday. ProPetro has a 1 year low of $4.51 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -133.50 and a beta of 0.70. The company has a fifty day moving average price of $15.64 and a 200-day moving average price of $12.73.

ProPetro (NYSE:PUMP) last posted its earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $270.69 million during the quarter, compared to analyst estimates of $277.49 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue was down 24.6% compared to the same quarter last year. As a group, equities research analysts predict that ProPetro will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On ProPetro

Several institutional investors have recently added to or reduced their stakes in the stock. Sourcerock Group LLC grew its position in ProPetro by 66.4% during the second quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock valued at $50,198,000 after buying an additional 3,355,848 shares during the period. Dimensional Fund Advisors LP grew its position in ProPetro by 14.7% during the first quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company’s stock valued at $93,408,000 after buying an additional 831,823 shares during the period. Philosophy Capital Management LLC grew its position in ProPetro by 14.8% during the third quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company’s stock valued at $21,208,000 after buying an additional 520,327 shares during the period. American Century Companies Inc. grew its position in ProPetro by 5.4% during the third quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock valued at $19,644,000 after buying an additional 192,638 shares during the period. Finally, VR Advisory Services Ltd grew its position in ProPetro by 213.2% during the third quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock valued at $19,280,000 after buying an additional 2,504,634 shares during the period. Institutional investors own 84.70% of the company’s stock.

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.