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 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.
Recommended Story: How do candlesticks reflect price movement?
Receive News & Ratings for Propetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Propetro and related companies with MarketBeat.com's FREE daily email newsletter.