ProPetro Holding Corp. (NYSE:PUMP) Receives Consensus Recommendation of “Hold” from Analysts

ProPetro Holding Corp. (NYSE:PUMP) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

A number of equities research analysts have recently issued reports on PUMP shares. Piper Sandler started coverage on ProPetro in a research note on Monday, July 14th. They set a “neutral” rating and a $7.00 price objective on the stock. Stifel Nicolaus set a $10.00 price objective on ProPetro and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price objective on ProPetro from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th.

Institutional Investors Weigh In On ProPetro

A number of large investors have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new stake in ProPetro in the 2nd quarter valued at $1,566,000. Kennedy Capital Management LLC raised its stake in ProPetro by 7.7% in the 2nd quarter. Kennedy Capital Management LLC now owns 187,216 shares of the company’s stock valued at $1,118,000 after acquiring an additional 13,363 shares during the period. PharVision Advisers LLC bought a new stake in ProPetro in the 2nd quarter valued at $60,000. Quantbot Technologies LP raised its stake in ProPetro by 15.4% in the 2nd quarter. Quantbot Technologies LP now owns 174,652 shares of the company’s stock valued at $1,043,000 after acquiring an additional 23,372 shares during the period. Finally, Hsbc Holdings PLC raised its stake in ProPetro by 150.3% in the 2nd quarter. Hsbc Holdings PLC now owns 124,781 shares of the company’s stock valued at $752,000 after acquiring an additional 74,923 shares during the period. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

NYSE PUMP opened at $4.91 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 0.07. ProPetro has a 12-month low of $4.60 and a 12-month high of $11.17. The company has a market capitalization of $510.48 million, a PE ratio of -3.34 and a beta of 1.18. The firm’s 50 day moving average is $5.92 and its 200-day moving average is $6.49.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). ProPetro had a negative net margin of 11.10% and a positive return on equity of 1.84%. The business had revenue of $326.15 million during the quarter, compared to analyst estimates of $331.26 million. During the same quarter last year, the business earned ($0.03) earnings per share. ProPetro’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities research analysts anticipate that ProPetro will post 0.25 earnings per share for the current fiscal year.

About ProPetro

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.