Analysts have clear opinions on PUMP.
There are 8 analysts on the Wall offering 12 month price targets for Propetro Holding in the last 3 months. The average price target is $12.60 with a high forecast of $18.00 and a low forecast of $9.50. The average price target represents a 13.00% increase from the last price of $11.15.
ProPetro Holding Corp. (PUMP) is followed by 8 analysts on the street.
Christopher Voie from Wells Fargo rates it a Buy with a target of $14.00.
Similarly, 15 days ago Praveen Narra of Raymond James Upgraded a Buy with a target of —.
The consensus on the street is Moderate Buy.
What does ProPetro Holding Corp.(PUMP) do ?
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.
ProPetro Holding Corp. (PUMP) Insider Trades
Multiple company employees have indulged in significant insider trading. ProPetro Holding Corp. disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
Dir, Armour Spencer D III : S – Sale+OE(-$388,125) of PUMP in the trading session of 2019-07-17.
Dir Armour Spencer D III : S – Sale+OE(-$426,375) of PUMP in the trading session of 2019-06-11.
Dir Armour Spencer D III : S – Sale+OE(-$463,547) of ProPetro Holding Corp. in the trading session of 2019-05-22.