ProPetro Holding Corp. (NYSE:PUMP) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Shares have been given an average recommendation of Moderate Buy by 10 analysts (6 buys, 3 holds, 1 sell) with an average 12‑month price target of $14.50; recent notable research includes BofA initiating a $18 buy, Citi upgrading to buy at $16, and Goldman Sachs initiating neutral at $15.
• ProPetro opened at $14.51 (up 6.1%), has a market cap of $1.78B, and beat the quarter with $0.01 EPS versus a -$0.13 estimate and $289.7M revenue (down 9.6% YoY), though margins remain thin and the reported P/E is unusually high at 1,450.8; analysts forecast about $0.25 EPS for the current fiscal year.

Shares of ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.50.

A number of analysts have recently issued reports on PUMP shares. Barclays lifted their price objective on shares of ProPetro from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, April 9th. The Goldman Sachs Group began 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 upgraded shares of ProPetro from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $12.00 to $16.00 in a report on Wednesday. Bank of America assumed coverage on shares of ProPetro in a research report on Monday, March 30th. They issued a "buy" rating and a $18.00 price objective for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of ProPetro in a research note on Monday, December 29th.

ProPetro Stock Up 6.1%

Shares of NYSE PUMP opened at $14.51 on Thursday. The stock has a fifty day moving average price of $13.05 and a 200 day moving average price of $10.48. The company has a market cap of $1.78 billion, a P/E ratio of 1,450.80 and a beta of 0.62. ProPetro has a 12-month low of $4.51 and a 12-month high of $15.49. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13.

ProPetro (NYSE:PUMP - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.14. The company had revenue of $289.68 million during 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 company's revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) earnings per share. Research analysts anticipate that ProPetro will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On ProPetro

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of ProPetro by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 14,643 shares of the company's stock valued at $139,000 after buying an additional 944 shares during the last quarter. FourThought Financial Partners LLC grew its position in shares of ProPetro by 3.1% during the fourth quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company's stock worth $578,000 after buying an additional 1,840 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of ProPetro by 1.2% in the third quarter. Mutual Advisors LLC now owns 164,822 shares of the company's stock worth $864,000 after buying an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $379,000 after acquiring an additional 2,230 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in ProPetro by 14.2% in the third quarter. Profund Advisors LLC now owns 18,958 shares of the company's stock valued at $99,000 after acquiring an additional 2,355 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

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