ProPetro Holding Corp. (NYSE:PUMP) receives a mean ranking of “average purchase” from the brokerage.

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ProPetro Holding Corp. (NYSE: PUMP – Get Score) has earned a consensus suggestion of “average purchase” from 9 brokerages protecting the corporate, studies Marketbeat.com. A Analysis Analyst has rated the inventory with Promote ranking, one with Maintain ranking and 4 with Purchase ranking for the corporate. The common 1-year goal value amongst brokerages that issued scores on the inventory final yr is $16.13.

Individually, Evercore ISI lowered its goal value on Propetro shares to $13.00 in a analysis report on Tuesday, August 9.

ProPetro. inside transactions

In different information, Director Spencer D. Armor III bought 32,931 shares of the agency’s inventory in a transaction on Tuesday, August 2. Shares had been bought at a mean value of $9.90 for a complete transaction of $326,016.90. After the completion of the sale, the director now owns 67,899 shares within the firm, valued at roughly $672,200.10. The transaction was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. 0.90% of the inventory is presently owned by company insiders.

ProPetro. institutional buying and selling of

The hedge fund lately revised its holdings of the inventory. Meader Asset Administration Inc. acquired a brand new stake in Propetro within the first quarter, value roughly $34,000. ACG Wealth acquired a brand new stake in Propetro value roughly $34,000 within the second quarter. Chilton Capital Administration LLC acquired a brand new stake in Propetro value roughly $37,000 within the fourth quarter. Robeco Institutional Asset Administration BV acquired a brand new stake in Propetro within the second quarter, value roughly $63,000. Lastly, US Bancorp DE elevated its stake in Propetro by 25.1% within the second quarter. After buying a further 1,268 shares within the earlier quarter, US Bancorp DE now holds 6,310 shares value $63,000 within the firm. Institutional buyers and hedge funds personal 89.83% of the corporate’s shares.

Propetro Inventory Up 0.6%

PUMP shares opened at $8.05 on Friday. The agency has a fifty-day transferring common of $8.91 and a 200-day transferring common of $11.28. Propetro has a 12-month low of $7.25 and a 12-month excessive of $16.92. The corporate has a market capitalization of $839.94 million, a price-to-earnings ratio of -17.50 and a beta of two.45.

ProPetro (NYSE: PUMP – Get Score) final launched its quarterly earnings figures on Tuesday, August 2. The corporate reported earnings per share (EPS) of $0.29 for the quarter, up from $0.03 within the consensus estimate of $0.26. ProPetro had a unfavorable web margin of 4.24% and a optimistic return on fairness of two.05%. The corporate’s income in the course of the quarter was $315.08 million, in comparison with the consensus estimate of $310.57 million. Throughout the identical quarter of the earlier yr, the agency earned earnings per share ($0.08). On a mean, fairness analysts count on ProPetro to put up EPS of 1.12 for the present yr.

About Propetro

(get ranking)

ProPetro Holding Corp., an oil area companies firm, supplies hydraulic fracturing and different associated companies. The corporate offers by way of strain pumping and all different segments. It supplies cementing, acidification and coiled tubing companies. The corporate serves oil and fuel firms engaged within the exploration and manufacturing of North American oil and pure fuel assets.

Beneficial Tales

Analyst Recommendations for ProPetro (NYSE:PUMP)

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by Marketbeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected].

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