ProPetro Holding Corp. (NYSE:PUMP) Receives $12.83 Average Price Target from Analysts

ProPetro Holding Corp. (NYSE:PUMP) has earned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.8333.

A number of research analysts have issued reports on PUMP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Piper Sandler upped their price objective on shares of ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded shares of ProPetro from a “neutral” rating to an “overweight” rating and increased their target price for the company from $7.00 to $13.00 in a research report on Wednesday, December 10th. Barclays boosted their price target on shares of ProPetro from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. Finally, Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, December 10th.

ProPetro Stock Up 0.1%

Shares of NYSE:PUMP opened at $14.68 on Friday. The company’s fifty day moving average is $12.29 and its two-hundred day moving average is $9.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. ProPetro has a 1-year low of $4.51 and a 1-year high of $15.18. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 1,467.90 and a beta of 0.70.

ProPetro (NYSE:PUMP) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.14. The business had revenue of $289.68 million for the quarter, compared to the consensus estimate of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. Equities analysts anticipate that ProPetro will post 0.25 EPS for the current year.

Institutional Trading of ProPetro

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ProPetro by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after acquiring an additional 2,230 shares in the last quarter. Millennium Management LLC grew its stake in shares of ProPetro by 44.6% in the 1st quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock worth $5,408,000 after purchasing an additional 226,914 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of ProPetro by 16,264.8% in the 1st quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock worth $198,000 after purchasing an additional 26,837 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ProPetro by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock worth $4,483,000 after purchasing an additional 21,519 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in ProPetro during the first quarter valued at approximately $272,000. Institutional investors and hedge funds 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.