Cowen lowered shares of Propetro (NYSE:PUMP) to a market perform rating in a report published on Thursday, Stock Target Advisor reports. They currently have $11.00 price objective on the stock, down from their prior price objective of $17.00.

PUMP has been the topic of a number of other reports. AltaCorp Capital reiterated an outperform rating on shares of Propetro in a research note on Thursday, June 20th. Citigroup cut shares of Propetro from a buy rating to a neutral rating and dropped their target price for the company from $25.00 to $17.60 in a research note on Friday, August 9th. B. Riley began coverage on shares of Propetro in a research note on Friday, May 17th. They issued a buy rating and a $29.00 target price on the stock. Raymond James reiterated a buy rating and issued a $26.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Finally, Piper Jaffray Companies cut shares of Propetro to a neutral rating and dropped their target price for the company from $32.50 to $17.00 in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Propetro has an average rating of Buy and an average price target of $21.24.

Propetro stock traded down $0.01 during midday trading on Thursday, hitting $10.62. 46,046 shares of the stock were exchanged, compared to its average volume of 1,895,967. Propetro has a 52-week low of $8.98 and a 52-week high of $25.38. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.24 and a beta of 1.92. The business’s 50-day moving average price is $12.88 and its 200-day moving average price is $18.77. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.17.

Propetro (NYSE:PUMP) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.31). Propetro had a return on equity of 26.19% and a net margin of 10.54%. The firm had revenue of $529.49 million for the quarter, compared to analysts’ expectations of $523.61 million. On average, sell-side analysts predict that Propetro will post 2.33 earnings per share 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.

Further Reading: Quiet Period Expirations

Analyst Recommendations for Propetro (NYSE:PUMP)

Receive News & Ratings for Propetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Propetro and related companies with MarketBeat.com's FREE daily email newsletter.