In a report issued on August 18, Waqar Syed from AltaCorp Captial reiterated a Buy rating on Propetro Holding Corp (PUMP), with a price target of $19.25. The company’s shares closed last Monday at $11.31, close to its 52-week low of $10.91.
According to TipRanks.com, Syed is a 2-star analyst with an average return of 0.5% and a 45.6% success rate. Syed covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Nabors Industries, and National-Oilwell.
Currently, the analyst consensus on Propetro Holding Corp is a Strong Buy with an average price target of $21.39, implying a 79.9% upside from current levels. In a report issued on August 8, B.Riley FBR also maintained a Buy rating on the stock with a $29 price target.
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The company has a one-year high of $25.38 and a one-year low of $10.91. Currently, Propetro Holding Corp has an average volume of 1.51M.
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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.
