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 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.
Featured Story: Limitations to arbitrage trading
Receive News & Ratings for Propetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Propetro and related companies with MarketBeat.com's FREE daily email newsletter.