ProPetro Holding Corp. (NYSE:PUMP) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• ProPetro Holding Corp. has received a consensus rating of "Hold" from six research firms, with a target price average of $8.80.
• The company's recent earnings report revealed an EPS of (−$0.07), falling short of estimates and marking a 9.2% decline in revenue year-over-year.
• Institutional investors own 84.70% of ProPetro's shares, highlighting significant interest from large asset managers in the stock.

Shares of ProPetro Holding Corp. (NYSE:PUMP - Get Free Report) have been assigned an average recommendation of "Hold" from the six research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.80.

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus set a $10.00 target price on ProPetro and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Piper Sandler dropped their target price on ProPetro from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th.

Institutional Investors Weigh In On ProPetro

Several institutional investors have recently bought and sold shares of PUMP. Quarry LP acquired a new stake in ProPetro in the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in ProPetro in the 1st quarter worth about $32,000. State of Wyoming acquired a new stake in ProPetro in the 1st quarter worth about $48,000. PharVision Advisers LLC acquired a new stake in ProPetro in the 2nd quarter worth about $60,000. Finally, Raymond James Financial Inc. acquired a new stake in ProPetro in the 2nd quarter worth about $60,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Price Performance

NYSE:PUMP opened at $5.02 on Wednesday. ProPetro has a 52 week low of $4.51 and a 52 week high of $11.17. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $521.41 million, a PE ratio of -3.41 and a beta of 1.13. The stock's 50-day moving average price is $5.52 and its 200-day moving average price is $6.07.

ProPetro (NYSE:PUMP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). ProPetro had a negative net margin of 11.10% and a positive return on equity of 1.84%. The business had revenue of $326.15 million for the quarter, compared to analyst estimates of $331.26 million. During the same quarter last year, the business earned ($0.03) earnings per share. ProPetro's revenue was down 9.2% on a year-over-year basis. As a group, equities 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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