Propetro Holding Corp (PUMP) Gets a Buy Rating from Wells Fargo

By Ryan Adsit

In a report released yesterday, Christopher Voie from Wells Fargo maintained a Buy rating on Propetro Holding Corp (PUMPResearch Report). The company’s shares closed last Monday at $7.90, close to its 52-week low of $7.77.

According to TipRanks.com, Voie is a 1-star analyst with an average return of -9.2% and a 28.6% success rate. Voie covers the Basic Materials sector, focusing on stocks such as Oil States International, C&J Energy Services Inc, and Helmerich & Payne.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Propetro Holding Corp with a $18.32 average price target.

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The company has a one-year high of $25.38 and a one-year low of $7.77. Currently, Propetro Holding Corp has an average volume of 1.8M.

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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.