Research Analysts’ Weekly Ratings Changes for Propetro (PUMP)

Several brokerages have updated their recommendations and price targets on shares of Propetro (NYSE: PUMP) in the last few weeks:

  • 10/10/2019 – Propetro was upgraded by analysts at Piper Jaffray Companies to an “overweight” rating. They now have a $12.00 price target on the stock, down previously from $17.00.
  • 10/10/2019 – Propetro had its price target lowered by analysts at Raymond James from $20.00 to $14.00. They now have an “outperform” rating on the stock.
  • 10/2/2019 – Propetro was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/1/2019 – Propetro had its price target lowered by analysts at Citigroup Inc from $10.70 to $10.30. They now have a “neutral” rating on the stock.
  • 9/23/2019 – Propetro had its price target lowered by analysts at Citigroup Inc from $17.60 to $10.70. They now have a “neutral” rating on the stock.
  • 9/12/2019 – Propetro had its price target lowered by analysts at Wells Fargo & Co from $22.00 to $15.00. They now have an “outperform” rating on the stock.
  • 9/12/2019 – Propetro was downgraded by analysts at Cowen Inc to a “market perform” rating. They now have a $11.00 price target on the stock, down previously from $17.00.
  • 9/4/2019 – Propetro was downgraded by analysts at R. F. Lafferty to a “hold” rating.
  • 9/3/2019 – Propetro was downgraded by analysts at Piper Jaffray Companies to a “neutral” rating. They now have a $17.00 price target on the stock, down previously from $32.50.

Shares of PUMP stock opened at $9.22 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.27. The company has a market capitalization of $925.87 million, a P/E ratio of 4.61, a P/E/G ratio of 0.27 and a beta of 1.88. The company’s 50-day simple moving average is $9.69 and its two-hundred day simple moving average is $16.95. Propetro Holding Corp has a one year low of $7.77 and a one year high of $25.38.

Propetro (NYSE:PUMP) last issued its earnings results on Thursday, August 8th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.31). The company had revenue of $529.49 million during the quarter, compared to the consensus estimate of $523.61 million. Propetro had a return on equity of 26.19% and a net margin of 10.54%. On average, research analysts expect that Propetro Holding Corp will post 1.88 EPS for the current fiscal year.

ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.

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