Propetro Holding Corp (PUMP) Receives a Buy from Jefferies

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, 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.


See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.