Propetro Holding Corp (PUMP) Gets a Buy Rating from Raymond James

By Jason Carr

In a report released today, Praveen Narra from Raymond James maintained a Buy rating on Propetro Holding Corp (PUMPResearch Report), with a price target of $14.00. The company’s shares closed last Monday at $7.90, close to its 52-week low of $7.77.

According to TipRanks.com, Narra is a 2-star analyst with an average return of 0.2% and a 48.3% success rate. Narra covers the Basic Materials sector, focusing on stocks such as Oil States International, National-Oilwell, and USA Compression.

Propetro Holding Corp has an analyst consensus of Moderate Buy, with a price target consensus of $17.55, a 122.2% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock.

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Propetro Holding Corp’s market cap is currently $793.3M and has a P/E ratio of 3.68. The company has a Price to Book ratio of 0.87.

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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.