ProPetro Reports Record Results for the Second Quarter 2018

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Go back to ProPetro Reports Record Results for the Second Quarter 2018

ProPetro Holding (PUMP) PT Raised to $14 at Cowen

August 9, 2018 7:24 AM EDT

Cowen raised its price target on ProPetro Holding (NYSE: PUMP) to $14.00 (from $12.00) while maintaining a Market Perform rating.

Analyst Vaibhav Vaishnav remains cautious despite a solid outlook from management. Vaishnav sees risk to PUMP as a Permian pure-play from potential takeaway disruption and views valuation as high relative to peers.

... More

ProPetro Holding (PUMP) Misses Q2 EPS by 9c, Revenues Beat

August 7, 2018 4:45 PM EDT

ProPetro Holding (NYSE: PUMP) reported Q2 EPS of $0.45, $0.09 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $459.9 million versus the consensus estimate of $424.56 million.

Mr. Redman concluded, While there is significant discussion concerning transitory crude takeaway infrastructure... More