Research analysts at B. Riley started coverage on shares of Propetro (NYSE:PUMP) in a research note issued on Friday, Stock Target Advisor reports. The firm set a “buy” rating and a $29.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 50.41% from the stock’s current price.
Several other research analysts have also weighed in on the company. Royal Bank of Canada reiterated a “buy” rating and set a $24.00 target price on shares of Propetro in a report on Thursday, February 28th. Goldman Sachs Group started coverage on Propetro in a report on Sunday, March 10th. They set a “buy” rating and a $28.00 target price on the stock. Credit Suisse Group lifted their target price on Propetro from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. Cowen restated a “buy” rating and issued a $28.00 price target on shares of Propetro in a report on Thursday, February 28th. Finally, Raymond James lowered Propetro from a “strong-buy” rating to an “outperform” rating and set a $25.00 price target on the stock. in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.00.
PUMP stock traded down $2.28 during midday trading on Friday, hitting $19.28. 1,955,100 shares of the company’s stock were exchanged, compared to its average volume of 1,286,258. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.06 billion, a PE ratio of 9.64, a P/E/G ratio of 0.50 and a beta of 1.75. Propetro has a one year low of $11.27 and a one year high of $25.38.
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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