ProPetro Holding Corp. (NYSE:PUMP) Receives $12.67 Consensus Target Price from Brokerages

ProPetro Holding Corp. (NYSE:PUMP) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.6667.

PUMP has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a research 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 report on Wednesday, January 14th. Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, December 10th. Zacks Research upgraded ProPetro from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, Barclays reaffirmed a “neutral” rating on shares of ProPetro in a research note on Wednesday, December 17th.

Institutional Investors Weigh In On ProPetro

Several large investors have recently modified their holdings of the company. Trek Financial LLC acquired a new stake in shares of ProPetro in the 3rd quarter valued at about $57,000. Dark Forest Capital Management LP bought a new position in ProPetro in the third quarter worth approximately $57,000. MQS Management LLC bought a new position in ProPetro in the third quarter worth approximately $58,000. PharVision Advisers LLC acquired a new stake in ProPetro in the second quarter valued at approximately $60,000. Finally, Raymond James Financial Inc. acquired a new stake in ProPetro in the second quarter valued at approximately $60,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Price Performance

Shares of PUMP opened at $11.81 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.26 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.23 billion, a PE ratio of -69.44 and a beta of 0.77. ProPetro has a 12-month low of $4.51 and a 12-month high of $12.02. The business has a 50-day simple moving average of $10.08 and a two-hundred day simple moving average of $7.63.

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.