Propetro Holding Corp (NYSE:PUMP) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 9,192,800 shares, an increase of 6.7% from the June 30th total of 8,614,800 shares. Based on an average daily trading volume, of 1,470,000 shares, the days-to-cover ratio is currently 6.3 days. Currently, 11.1% of the company’s shares are short sold.
Several brokerages recently commented on PUMP. B. Riley began coverage on shares of Propetro in a research note on Friday, May 17th. They issued a “buy” rating and a $29.00 target price on the stock. Raymond James reiterated a “buy” rating and issued a $26.00 price target on shares of Propetro in a report on Tuesday, July 2nd. ValuEngine cut shares of Propetro from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. AltaCorp Capital reiterated an “outperform” rating on shares of Propetro in a report on Thursday, June 20th. Finally, Cowen reiterated an “outperform” rating and issued a $25.00 price target on shares of Propetro in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.76.
Propetro stock traded down $0.33 during mid-day trading on Thursday, reaching $11.17. The stock had a trading volume of 180,242 shares, compared to its average volume of 1,799,616. Propetro has a one year low of $11.27 and a one year high of $25.38. The company’s 50-day moving average price is $17.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.49 and a quick ratio of 1.47. The firm has a market cap of $1.13 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 0.26 and a beta of 1.67.
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.
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