Barclays restated their buy rating on shares of Propetro (NYSE:PUMP) in a research report report published on Thursday morning, Stock Target Advisor reports. They currently have a $17.00 price target on the stock.
PUMP has been the topic of a number of other reports. Evercore ISI reiterated a buy rating and set a $26.00 target price on shares of Propetro in a research note on Sunday, August 11th. Bank of America lowered their target price on Propetro from $22.00 to $18.00 and set a neutral rating on the stock in a research note on Friday, August 9th. ValuEngine upgraded Propetro from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Wells Fargo & Co lowered their target price on Propetro from $22.00 to $15.00 and set an outperform rating on the stock in a research note on Thursday, September 12th. Finally, Citigroup lowered their target price on Propetro from $10.70 to $10.30 and set a neutral rating on the stock in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Propetro currently has an average rating of Buy and an average target price of $17.86.
NYSE PUMP opened at $7.91 on Thursday. The stock has a market capitalization of $864.61 million, a price-to-earnings ratio of 3.96, a PEG ratio of 0.25 and a beta of 1.88. Propetro has a one year low of $7.61 and a one year high of $25.38. 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 business’s fifty day moving average is $9.58 and its 200-day moving average is $16.74.
Propetro (NYSE:PUMP) last released 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 business had revenue of $529.49 million for 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%. Research analysts expect that Propetro will post 1.88 EPS for the current fiscal year.
Propetro Company Profile
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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