ProPetro (NYSE:PUMP - Get Free Report) had its price objective lifted by analysts at Stifel Nicolaus from $11.00 to $12.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 43.11% from the stock's previous close.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. upgraded ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 target price for the company in a report on Friday, December 6th. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Finally, Citigroup lifted their target price on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.00.
View Our Latest Research Report on ProPetro
ProPetro Stock Down 6.2 %
Shares of ProPetro stock traded down $0.56 on Friday, hitting $8.39. The company had a trading volume of 3,022,735 shares, compared to its average volume of 1,552,893. ProPetro has a twelve month low of $6.53 and a twelve month high of $11.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. The stock has a 50-day moving average of $9.50 and a 200-day moving average of $8.53. The firm has a market capitalization of $865.07 million, a P/E ratio of -6.26 and a beta of 1.98.
Institutional Investors Weigh In On ProPetro
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of ProPetro by 205.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock valued at $28,000 after acquiring an additional 2,005 shares during the last quarter. GAMMA Investing LLC grew its stake in 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 purchasing an additional 1,225 shares in the last quarter. CWM LLC increased its position in shares of ProPetro by 17.2% during the 3rd quarter. CWM LLC now owns 8,624 shares of the company's stock worth $66,000 after purchasing an additional 1,267 shares during the last quarter. KBC Group NV raised its stake in shares of ProPetro by 90.5% during the 4th quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after purchasing an additional 3,821 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ProPetro in the 3rd quarter valued at approximately $77,000. 84.70% of the stock is owned by institutional investors.
ProPetro Company Profile
(
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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.
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