B.Riley FBR analyst Tom Curran maintained a Hold rating on Propetro Holding (PUMP) yesterday and set a price target of $5.50. The company’s shares closed last Monday at $5.51.
According to TipRanks.com, Curran has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -17.5% and a 31.0% success rate. Curran covers the Services sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Liberty Oilfield Services.
Propetro Holding has an analyst consensus of Moderate Buy, with a price target consensus of $5.39, representing a -2.2% downside. In a report issued on June 19, Goldman Sachs also maintained a Hold rating on the stock with a $7.25 price target.
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Propetro Holding’s market cap is currently $555.3M and has a P/E ratio of 6.60. The company has a Price to Book ratio of 0.57.
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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. The Hydraulic Fracturing segment intends to optimize hydrocarbon flow paths during the completion phase of horizontal shale wellbores. The Cementing segment provides isolation between fluid zones behind the casing to minimize potential damage to hydrocarbon bearing formations or the integrity of freshwater aquifers, and provides structural integrity for the casing by securing it to the earth. The Coil Tubing segment involves injecting coiled tubing into wells to perform various completion well intervention operations. The Flowback segment consistsof production testing, solids control, hydrostatic testing and torque services. The Surface Drilling segment offers cost-effective, pre-set surface air drilling services to target depths of approximately 4,000 feet in areas of fragile geology. The company was founded by Dale Redman and Jeffrey David Smith in 2005 and is headquartered in Midland, TX.
