ProPetro Holding Corp. (NYSE:PUMP) Receives $10.25 Consensus Target Price from Analysts

ProPetro Holding Corp. (NYSE:PUMP) has earned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.25.

PUMP has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective on the stock in a research report on Friday. Stifel Nicolaus lowered their target price on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Citigroup reduced their price target on ProPetro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Barclays lowered their price objective on ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th.

ProPetro Price Performance

NYSE PUMP opened at $7.91 on Friday. The company has a market cap of $814.18 million, a PE ratio of -5.95 and a beta of 2.07. The firm’s 50 day moving average price is $7.96 and its 200-day moving average price is $8.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. ProPetro has a 52-week low of $6.53 and a 52-week high of $10.02.

Insider Transactions at ProPetro

In other ProPetro news, CFO David Scott Schorlemer acquired 4,500 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $6.86 per share, with a total value of $30,870.00. Following the completion of the acquisition, the chief financial officer now owns 112,992 shares in the company, valued at approximately $775,125.12. This trade represents a 4.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.88% of the company’s stock.

Institutional Trading of ProPetro

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of ProPetro by 84.3% during the third quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock worth $25,000 after purchasing an additional 1,473 shares in the last quarter. Quarry LP acquired a new position in ProPetro during the second quarter worth about $40,000. nVerses Capital LLC boosted its position in ProPetro by 226.3% during the third quarter. nVerses Capital LLC now owns 6,200 shares of the company’s stock worth $47,000 after acquiring an additional 4,300 shares during the last quarter. CWM LLC raised its holdings in ProPetro by 17.2% in the 3rd quarter. CWM LLC now owns 8,624 shares of the company’s stock valued at $66,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its holdings in shares of ProPetro by 87.1% during the 2nd quarter. Chilton Capital Management LLC now owns 8,595 shares of the company’s stock worth $75,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.