Propetro (NYSE:PUMP) Price Target Lowered to $15.00 at Wells Fargo & Co

Propetro (NYSE:PUMP) had its target price decreased by Wells Fargo & Co from $22.00 to $15.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. Wells Fargo & Co currently has an outperform rating on the stock.

PUMP has been the topic of several other reports. Raymond James reiterated a buy rating and set a $26.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. Citigroup cut Propetro from a buy rating to a neutral rating and lowered their price target for the company from $25.00 to $17.60 in a research report on Friday, August 9th. ValuEngine cut Propetro from a sell rating to a strong sell rating in a research report on Monday, July 29th. Cowen reiterated an outperform rating and set a $25.00 price target on shares of Propetro in a research report on Monday, August 12th. Finally, Piper Jaffray Companies cut Propetro to a neutral rating and lowered their price target for the company from $32.50 to $17.00 in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $21.24.

PUMP traded down $0.01 during trading hours on Thursday, hitting $10.62. The company’s stock had a trading volume of 46,046 shares, compared to its average volume of 1,895,967. Propetro has a fifty-two week low of $8.98 and a fifty-two week high of $25.38. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.05 billion, a PE ratio of 5.32, a PEG ratio of 0.24 and a beta of 1.92. The company has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $18.77.



Propetro (NYSE:PUMP) last posted its earnings results on Thursday, August 8th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.31). Propetro had a net margin of 10.54% and a return on equity of 26.19%. The business had revenue of $529.49 million during the quarter, compared to analyst estimates of $523.61 million. Research analysts expect that Propetro will post 2.33 earnings per share for the current fiscal year.

About Propetro

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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Analyst Recommendations for Propetro (NYSE:PUMP)

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