Propetro (PUMP) Coverage Initiated at B. Riley

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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 (NYSE:PUMP) last posted its earnings results on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The firm had revenue of $546.18 million for the quarter, compared to analyst estimates of $524.22 million. Propetro had a return on equity of 30.69% and a net margin of 11.09%. On average, analysts forecast that Propetro will post 2.63 earnings per share for the current year.

About Propetro

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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Analyst Recommendations for Propetro (NYSE:PUMP)

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