Barclays Keeps a Buy Rating on Propetro Holding Corp (PUMP)


Barclays analyst David Anderson maintained a Buy rating on Propetro Holding Corp (PUMP) yesterday and set a price target of $17.00. The company’s shares closed last Monday at $8.94, close to its 52-week low of $7.77.

According to TipRanks.com, Anderson has 0 stars on 0-5 star ranking scale with an average return of -6.8% and a 34.0% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Diamond Offshore Drilling.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Propetro Holding Corp with a $17.33 average price target, which is a 90.6% upside from current levels. In a report issued on October 9, Wells Fargo also maintained a Buy rating on the stock.

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Propetro Holding Corp’s market cap is currently $897.8M and has a P/E ratio of 4.16. The company has a Price to Book ratio of 0.99.

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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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