Propetro (NYSE:PUMP) Receives New Coverage from Analysts at Wells Fargo & Co

Wells Fargo & Co began coverage on shares of Propetro (NYSE:PUMP) in a research report released on Friday, March 29th, Stock Target Advisor reports. The brokerage issued an outperform rating on the stock.

PUMP has been the subject of a number of other reports. Goldman Sachs Group began coverage on Propetro in a research note on Sunday, March 10th. They issued a buy rating and a $28.00 price target for the company. ValuEngine upgraded Propetro from a sell rating to a hold rating in a research report on Monday, February 11th. Cowen reiterated a buy rating and issued a $28.00 price objective on shares of Propetro in a research report on Thursday, February 28th. Credit Suisse Group boosted their price objective on Propetro from $19.00 to $22.00 and gave the company an outperform rating in a research report on Thursday, February 28th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $24.00 price objective on shares of Propetro in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $25.40.

NYSE:PUMP traded down $0.37 on Friday, hitting $23.72. 1,139,559 shares of the stock were exchanged, compared to its average volume of 1,298,789. The stock has a market capitalization of $2.38 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.67 and a beta of 1.85. Propetro has a 52 week low of $11.27 and a 52 week high of $24.55. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.09.

Propetro (NYSE:PUMP) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The firm had revenue of $425.41 million during the quarter, compared to analysts’ expectations of $424.47 million. Propetro had a return on equity of 30.52% and a net margin of 10.20%. As a group, equities analysts predict that Propetro will post 2.42 EPS 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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