ProPetro (NYSE:PUMP) Price Target & New Coverage by RBC Capital

RBC Capital started its coverage on Propetro (NYSE:PUMP), today Tuesday morning. The research firm finds the stock of PUMP attractive and has target price of $21.0 with Outperform rating.

The initiation is well received by equity traders, as NYSE:PUMP is right now trading 2.32% higher at $14.12 as of 10:06 PM New York time. ProPetro’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has increased 11.54% in the same time.

ProPetro (NYSE:PUMP) Profile

ProPetro Holding Corp. is an oilfield services company. The Company provides hydraulic fracturing and other complementary services to upstream oil and gas companies, which are engaged in the exploration and production (E&P) of North American unconventional oil and natural gas resources. The Company operates through seven segments: hydraulic fracturing, cementing, acidizing, coil tubing, flowback, surface drilling and Permian drilling.

ProPetro (NYSE:PUMP) traded up 2.32% on 11 April, hitting $14.12. A total of shares of the company’s stock traded hands. This is down from average of 2.02 million shares. ProPetro has a 52 week low of $12.26 and a 52 week high of $15.19. The company has a market cap of $1.15 billion and a P/E ratio of 0.

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