Propetro (NYSE:PUMP) Stock Rating Lowered by Cowen
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 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
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