ProPetro (NYSE:PUMP - Get Free Report)'s stock had its "hold" rating reaffirmed by Benchmark in a note issued to investors on Thursday,Benzinga reports.
Several other equities analysts also recently weighed in on PUMP. Citigroup raised their price objective on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price target for the company in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.
Check Out Our Latest Stock Report on PUMP
ProPetro Price Performance
PUMP traded up $0.09 on Thursday, hitting $9.12. 2,470,807 shares of the company were exchanged, compared to its average volume of 1,442,203. ProPetro has a fifty-two week low of $6.53 and a fifty-two week high of $11.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. The firm has a market capitalization of $938.21 million, a P/E ratio of -6.80 and a beta of 1.98. The business's fifty day moving average is $9.50 and its 200 day moving average is $8.52.
Institutional Trading of ProPetro
Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in ProPetro by 205.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock valued at $28,000 after purchasing an additional 2,005 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ProPetro by 38.0% in the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock valued at $41,000 after buying an additional 1,225 shares during the last quarter. KBC Group NV raised its position in shares of ProPetro by 90.5% in the fourth quarter. KBC Group NV now owns 8,045 shares of the company's stock valued at $75,000 after buying an additional 3,821 shares during the last quarter. CWM LLC lifted its stake in shares of ProPetro by 17.2% during the third quarter. CWM LLC now owns 8,624 shares of the company's stock valued at $66,000 after buying an additional 1,267 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in ProPetro during the third quarter worth approximately $77,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
ProPetro Company Profile
(
Get Free Report)
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.
Read More
Before you consider ProPetro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProPetro wasn't on the list.
While ProPetro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
