Propetro Holding Corp Gets a Buy Rating from Jefferies

By Jason Carr

In a report issued on July 10, Brad Handler from Jefferies reiterated a Buy rating on Propetro Holding Corp (NYSE: PUMP), with a price target of $21. The company’s shares closed yesterday at $15.59.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -6.3% and a 37.7% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Mammoth Energy Services, Frank’s International, and Helmerich & Payne.

Propetro Holding Corp has an analyst consensus of Moderate Buy, with a price target consensus of $20.33.

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Propetro Holding Corp’s market cap is currently $1.3B and has a P/E ratio of 18.34. The company has a Price to Book ratio of 2.89.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.

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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.