Propetro Holding Corp (NYSE:PUMP) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.00.
A number of equities research analysts have recently issued reports on PUMP shares. Citigroup reiterated a “buy” rating and set a $25.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. Wells Fargo & Co started coverage on shares of Propetro in a research report on Friday, March 29th. They set an “outperform” rating for the company. Raymond James reiterated a “buy” rating and set a $26.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
PUMP traded down $0.42 during trading on Monday, reaching $19.28. The company’s stock had a trading volume of 852,036 shares, compared to its average volume of 1,283,967. Propetro has a 52-week low of $11.27 and a 52-week high of $25.38. The firm has a fifty day moving average of $19.32. The company has a market capitalization of $1.94 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.40 and a beta of 1.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.49 and a quick ratio of 1.47.
Propetro (NYSE:PUMP) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. Propetro had a return on equity of 30.69% and a net margin of 11.09%. The company had revenue of $546.18 million for the quarter, compared to analyst estimates of $524.22 million. As a group, research analysts anticipate that Propetro will post 2.67 EPS for the current year.
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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