ProPetro Holding Corp. (NYSE:PUMP – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.13.
Separately, Evercore ISI decreased their target price on shares of ProPetro to $13.00 in a research report on Tuesday, August 9th.
Insider Transactions at ProPetro
In other news, Director Spencer D. Armour III sold 32,931 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $9.90, for a total transaction of $326,016.90. Following the completion of the sale, the director now owns 67,899 shares in the company, valued at approximately $672,200.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.
Institutional Trading of ProPetro
Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in ProPetro in the 1st quarter worth about $34,000. ACG Wealth acquired a new stake in ProPetro in the 2nd quarter worth about $34,000. Chilton Capital Management LLC acquired a new stake in ProPetro in the 4th quarter worth about $37,000. Robeco Institutional Asset Management B.V. acquired a new stake in ProPetro in the 2nd quarter worth about $63,000. Finally, US Bancorp DE raised its stake in ProPetro by 25.1% in the 2nd quarter. US Bancorp DE now owns 6,310 shares of the company’s stock worth $63,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.
ProPetro Stock Up 0.6 %
Shares of PUMP stock opened at $8.05 on Friday. The firm has a fifty day moving average of $8.91 and a 200-day moving average of $11.28. ProPetro has a 12-month low of $7.25 and a 12-month high of $16.92. The company has a market capitalization of $839.94 million, a price-to-earnings ratio of -17.50 and a beta of 2.45.
ProPetro (NYSE:PUMP – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. ProPetro had a negative net margin of 4.24% and a positive return on equity of 2.05%. The company had revenue of $315.08 million during the quarter, compared to the consensus estimate of $310.57 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts expect that ProPetro will post 1.12 EPS for the current year.
About ProPetro
ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources.
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Source: marketbeat.com
