Evercore ISI Remains a Buy on Propetro Holding (PUMP)


In a report released today, James West from Evercore ISI maintained a Buy rating on Propetro Holding (PUMP), with a price target of $26.00. The company’s shares closed last Monday at $7.34, close to its 52-week low of $7.11.

According to TipRanks.com, West has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.8% and a 32.2% success rate. West covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Diamond Offshore Drilling.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Propetro Holding with a $14.32 average price target.

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Propetro Holding’s market cap is currently $737.1M and has a P/E ratio of 3.42. The company has a Price to Book ratio of 0.81.

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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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