Jefferies analyst Brad Handler reiterated a Buy rating on Propetro Holding Corp (NYSE: PUMP) on August 8 and set a price target of $20. The company’s shares closed yesterday at $16.93.
According to TipRanks.com, Handler ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.1% and a 38.3% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Mammoth Energy Services, and C&J Energy Services Inc.
Currently, the analyst consensus on Propetro Holding Corp is a Strong Buy with an average price target of $19.40, implying a 14.6% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $19 price target.
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Based on Propetro Holding Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $39.09 million. In comparison, last year the company had a net profit of $4.92 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
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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.