Propetro Holding Corp (NYSE:PUMP) has received a consensus broker rating score of 1.00 (Strong Buy) from the fourteen analysts that cover the stock, Zacks Investment Research reports. Fourteen investment analysts have rated the stock with a strong buy recommendation. Propetro’s rating score has improved by 30.1% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus target price of $26.09 for the company and are predicting that the company will post $0.57 EPS for the current quarter, according to Zacks. Zacks has also assigned Propetro an industry rank of 163 out of 255 based on the ratings given to its competitors.
PUMP has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $24.00 price objective on shares of Propetro in a research note on Thursday, February 28th. Credit Suisse Group upped their price objective on shares of Propetro from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, February 28th. Cowen reaffirmed a “buy” rating and set a $28.00 price objective on shares of Propetro in a research note on Thursday, February 28th. ValuEngine raised shares of Propetro from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Finally, Goldman Sachs Group initiated coverage on shares of Propetro in a research note on Sunday, March 10th. They set a “buy” rating and a $28.00 price objective on the stock.
Shares of Propetro stock opened at $20.94 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.48 and a beta of 1.82. Propetro has a 1-year low of $11.27 and a 1-year high of $21.45.
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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