ProPetro Holding Corp. (NYSE:PUMP) Given Average Rating of "Hold" by Brokerages

Key Points

• ProPetro Holding Corp. (NYSE:PUMP) has received an average rating of "Hold" from analysts, with one sell rating, four holds, and two buy ratings, along with a 12-month price target of $7.80.
• Several institutional investors have significantly increased their holdings in ProPetro, with ProShare Advisors boosting their stake by 42.6% and GAMMA Investing increasing theirs by 714.0% during the last quarter.
• ProPetro reported a missed earnings expectation with an EPS of ($0.07) for the last quarter and a revenue decrease of 9.2% compared to the prior year.

ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.80.

A number of research firms recently issued reports on PUMP. Piper Sandler decreased their price objective on ProPetro from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Zacks Research downgraded ProPetro from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Citigroup decreased their price target on ProPetro from $6.50 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, September 9th. Finally, Stifel Nicolaus set a $10.00 price objective on ProPetro and gave the company a "buy" rating in a report on Wednesday, July 16th.

Institutional Investors Weigh In On ProPetro

Several large investors have recently made changes to their positions in PUMP. ProShare Advisors LLC boosted its holdings in shares of ProPetro by 42.6% in the 4th quarter. ProShare Advisors LLC now owns 26,025 shares of the company's stock valued at $243,000 after buying an additional 7,781 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ProPetro by 16.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 228,835 shares of the company's stock worth $2,135,000 after acquiring an additional 32,710 shares during the period. GAMMA Investing LLC boosted its stake in shares of ProPetro by 714.0% during the 1st quarter. GAMMA Investing LLC now owns 36,191 shares of the company's stock worth $266,000 after acquiring an additional 31,745 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of ProPetro by 31.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 148,363 shares of the company's stock worth $1,090,000 after acquiring an additional 35,193 shares during the period. Finally, Integrated Advisors Network LLC bought a new position in shares of ProPetro during the 1st quarter worth approximately $189,000. Institutional investors and hedge funds own 84.70% of the company's stock.

ProPetro Stock Up 5.3%

NYSE:PUMP opened at $5.54 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.35 and a current ratio of 1.42. The company has a market cap of $575.99 million, a PE ratio of -3.77 and a beta of 1.13. ProPetro has a 52-week low of $4.51 and a 52-week high of $11.17. The stock has a 50-day simple moving average of $5.07 and a 200 day simple moving average of $5.67.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). The firm had revenue of $326.15 million for the quarter, compared to the consensus estimate of $331.26 million. ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%.The firm's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. On average, sell-side analysts expect that ProPetro will post 0.25 EPS 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.

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