ProPetro Holding Corp. (NYSE:PUMP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of ProPetro Holding Corp. (NYSE:PUMP) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.6250.

A number of research firms have weighed in on PUMP. Barclays raised shares of ProPetro from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $23.00 in a research note on Thursday, May 7th. Weiss Ratings lowered shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Bank of America began coverage on shares of ProPetro in a research note on Monday, March 30th. They issued a “buy” rating and a $18.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of ProPetro in a research note on Wednesday, June 3rd. Finally, Piper Sandler raised their price objective on shares of ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, May 18th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PUMP. Aster Capital Management DIFC Ltd bought a new position in shares of ProPetro in the fourth quarter valued at $56,000. Dark Forest Capital Management LP bought a new position in shares of ProPetro in the third quarter valued at $57,000. MQS Management LLC bought a new position in shares of ProPetro in the third quarter valued at $58,000. Raymond James Financial Inc. bought a new position in shares of ProPetro during the second quarter valued at about $60,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of ProPetro by 70.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock valued at $64,000 after purchasing an additional 4,461 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

ProPetro Stock Down 1.9%

Shares of NYSE PUMP opened at $14.78 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of -134.34 and a beta of 0.70. ProPetro has a 12-month low of $4.51 and a 12-month high of $18.50. The company’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $12.81. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 0.08.

ProPetro (NYSE:PUMP) last issued its earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.09. The business had revenue of $270.69 million for the quarter, compared to analyst estimates of $277.49 million. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. ProPetro’s revenue was down 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts forecast that ProPetro will post -0.08 earnings per share for the current fiscal year.

About ProPetro

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.