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

ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) has been given a consensus recommendation of "Hold" by the six research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.00.

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $10.00 price objective on shares of ProPetro and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Piper Sandler assumed coverage on shares of ProPetro in a research report on Monday. They set a "neutral" rating and a $7.00 price objective on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in shares of ProPetro in the first quarter worth about $25,000. Headlands Technologies LLC bought a new position in ProPetro during the 1st quarter worth about $32,000. State of Wyoming bought a new position in ProPetro during the 1st quarter worth about $48,000. Wealth Enhancement Advisory Services LLC bought a new position in ProPetro during the 2nd quarter worth about $74,000. Finally, Aigen Investment Management LP bought a new position in ProPetro during the 1st quarter worth about $80,000. Institutional investors own 84.70% of the company's stock.

ProPetro Price Performance

Shares of PUMP stock traded down $0.12 during mid-day trading on Tuesday, hitting $5.68. The company had a trading volume of 816,332 shares, compared to its average volume of 1,584,189. ProPetro has a 52-week low of $4.61 and a 52-week high of $11.17. The stock's 50 day moving average price is $6.03 and its 200-day moving average price is $7.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.44 and a quick ratio of 1.39. The company has a market capitalization of $589.69 million, a P/E ratio of -3.97 and a beta of 1.18.

ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. ProPetro had a negative net margin of 10.60% and a positive return on equity of 2.16%. The company had revenue of $359.42 million for the quarter, compared to analysts' expectations of $344.36 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. ProPetro's quarterly revenue was down 11.4% on a year-over-year basis. Equities research analysts forecast that ProPetro will post 0.25 earnings per share for the current 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.