R.F. Lafferty analyst Jaime Perez maintained a Buy rating on Propetro Holding (NYSE:PUMP) on Wednesday, setting a price target of $13, which is approximately 13.34% above the present share price of $11.47.
Perez expects Propetro Holding to post earnings per share (EPS) of -$0.29 for the first quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Propetro Holding, with an average price target of $10.17.
The analysts price targets range from a high of $13 to a low of $8.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $133.71 million and a net profit of -$25.17 million. The company's market cap is $1.16 billion.
According to TipRanks.com, R.F. Lafferty analyst Jaime Perez is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.1% and a 43.75% success rate.
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.