Propetro Holding Corp Gets a Hold Rating from Cowen & Co.

In a report released today, Vaibhav Vaishnav from Cowen & Co. reiterated a Hold rating on Propetro Holding Corp (NYSE: PUMP), with a price target of $14. The company’s shares closed yesterday at $19.53.

According to TipRanks.com, Vaishnav is ranked #851 out of 4793 analysts.

Propetro Holding Corp has an analyst consensus of Strong Buy, with a price target consensus of $19.80.

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Based on Propetro Holding Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $36.71 million. In comparison, last year the company had a GAAP net loss of $24.35 million.

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ProPetro Holding Corp. is an oilfield services company, which engages in the provision of hydraulic fracturing and other complementary services. It operates through the following segments: Hydraulic Fracturing, Cementing, Coil Tubing, Flowback, Surface Drilling, and Drilling.