Analysts Set ProPetro Holding Corp. (NYSE:PUMP) Price Target at $12.67

Shares of ProPetro Holding Corp. (NYSE:PUMP) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $12.8333.

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Piper Sandler increased their price objective on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Barclays lifted their target price on shares of ProPetro from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. raised shares of ProPetro from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $7.00 to $13.00 in a report on Wednesday, December 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ProPetro by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after buying an additional 2,230 shares during the last quarter. Millennium Management LLC lifted its stake in ProPetro by 44.6% in the first quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock worth $5,408,000 after acquiring an additional 226,914 shares during the period. Jones Financial Companies Lllp boosted its holdings in ProPetro by 16,264.8% in the first quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock valued at $198,000 after acquiring an additional 26,837 shares in the last quarter. Goldman Sachs Group Inc. increased its position in ProPetro by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock valued at $4,483,000 after purchasing an additional 21,519 shares during the period. Finally, Caxton Associates LLP purchased a new position in ProPetro during the 1st quarter valued at $272,000. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

Shares of ProPetro stock opened at $12.11 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. ProPetro has a 52-week low of $4.51 and a 52-week high of $13.25. The company has a fifty day moving average of $10.63 and a 200-day moving average of $8.44. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 1,210.50 and a beta of 0.70.

ProPetro (NYSE:PUMP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.14. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The business had revenue of $289.68 million during the quarter, compared to the consensus estimate of $279.90 million. During the same period in the previous year, the firm posted ($0.17) earnings per share. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities research analysts expect that ProPetro will post 0.25 EPS for the current 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.