Evercore ISI Reiterates “Buy” Rating for Propetro (NYSE:PUMP)

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Evercore ISI restated their buy rating on shares of Propetro (NYSE:PUMP) in a research report released on Sunday morning, Stock Target Advisor reports. The brokerage currently has a $26.00 target price on the stock.

Several other equities research analysts also recently issued reports on PUMP. Raymond James reissued a buy rating and issued a $26.00 price objective on shares of Propetro in a research note on Tuesday, July 2nd. ValuEngine downgraded Propetro from a sell rating to a strong sell rating in a research note on Monday, July 29th. B. Riley started coverage on Propetro in a research note on Friday, May 17th. They set a buy rating and a $29.00 price target for the company. Citigroup downgraded Propetro from a buy rating to a neutral rating and cut their price target for the stock from $25.00 to $17.60 in a research note on Friday, August 9th. Finally, Bank of America cut their price target on Propetro from $22.00 to $18.00 and set a neutral rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Propetro presently has a consensus rating of Buy and an average target price of $23.76.

Shares of Propetro stock opened at $12.19 on Friday. The business has a 50-day simple moving average of $17.81. The stock has a market cap of $1.28 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.27 and a beta of 1.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.47 and a current ratio of 1.49. Propetro has a 1 year low of $11.27 and a 1 year high of $25.38.

About Propetro

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.

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Analyst Recommendations for Propetro (NYSE:PUMP)

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