Brokerages Set ProPetro Holding Corp. (NYSE:PUMP) Target Price at $14.50

Shares of ProPetro Holding Corp. (NYSE:PUMP) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.50.

A number of research firms recently commented on PUMP. Bank of America began coverage on ProPetro in a research note on Monday, March 30th. They issued a “buy” rating and a $18.00 price target for the company. Citigroup raised ProPetro from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $16.00 in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Piper Sandler increased their target price on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group assumed coverage on ProPetro in a report on Friday, April 10th. They set a “neutral” rating and a $15.00 target price on the stock.

Hedge Funds Weigh In On ProPetro

Several large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in ProPetro by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock worth $139,000 after purchasing an additional 944 shares during the last quarter. FourThought Financial Partners LLC lifted its stake in ProPetro by 3.1% during the fourth quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company’s stock worth $578,000 after purchasing an additional 1,840 shares during the last quarter. Mutual Advisors LLC lifted its stake in ProPetro by 1.2% during the third quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock worth $864,000 after purchasing an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Profund Advisors LLC lifted its stake in ProPetro by 14.2% during the third quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after purchasing an additional 2,355 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

ProPetro Stock Performance

ProPetro stock opened at $13.90 on Thursday. The stock has a market cap of $1.70 billion, a P/E ratio of 1,389.50 and a beta of 0.62. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $13.23 and a 200-day moving average of $10.71. ProPetro has a 52 week low of $4.51 and a 52 week high of $15.49.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.14. The company had revenue of $289.68 million during the quarter, compared to analysts’ expectations of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) EPS. On average, analysts expect that ProPetro will post -0.12 EPS for the current fiscal year.

ProPetro Company Profile

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.