Citigroup Maintains Their Hold Rating on Propetro Holding Corp (PUMP)


In a report released today, Scott Gruber from Citigroup maintained a Hold rating on Propetro Holding Corp (PUMP), with a price target of $10.70. The company’s shares closed last Monday at $9.44, close to its 52-week low of $8.98.

According to TipRanks.com, Gruber ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.6% and a 39.8% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Propetro Holding Corp is a Moderate Buy with an average price target of $18.69, implying a 99.7% upside from current levels. In a report issued on September 12, Cowen & Co. also downgraded the stock to Hold with a $11 price target.

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Propetro Holding Corp’s market cap is currently $949M and has a P/E ratio of 4.40. The company has a Price to Book ratio of 1.05.

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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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