Propetro Holding Corp (PUMP) Received its Third Buy in a Row


After Wolfe Research and Stifel Nicolaus gave Propetro Holding Corp (NYSE: PUMP) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Praveen Narra maintained a Buy rating on Propetro Holding Corp today and set a price target of $25. The company’s shares opened today at $19.20.

According to TipRanks.com, Narra is a 4-star analyst with an average return of 5.4% and a 47.7% success rate. Narra covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Mammoth Energy Services, and Transocean LTD.

Currently, the analyst consensus on Propetro Holding Corp is a Strong Buy with an average price target of $22.14, which is a 15.3% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $22 price target.

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The company has a one-year high of $22.88 and a one-year low of $14. Currently, Propetro Holding Corp has an average volume of 1.4M.

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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.

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