ProPetro Reports Full Year and Fourth Quarter 2018 Results
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February 28, 2019 7:50 AM EST
Raymond James analyst Praveen Narra raised the price target on ProPetro Holding (NYSE: PUMP) to $25.00 (from $24.00) while maintaining a Strong Buy rating.
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February 28, 2019 7:19 AM EST
Credit Suisse analyst James Wicklund raised the price target on ProPetro Holding (NYSE: PUMP) to $23.00 (from $19.00) while maintaining a Outperform rating.
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February 28, 2019 6:49 AM EST
RBC Capital analyst Kurt Hallead raised the price target on ProPetro Holding (NYSE: PUMP) to $24.00 (from $22.00) while maintaining a Outperform rating following results.
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February 27, 2019 1:47 PM EST
Stifel analyst Stephen Gengaro raised the price target on ProPetro Holding (NYSE: PUMP) to $28.00 (from $27.00) while maintaining a Buy rating.
Gengaro said confidence continues to build. The firm raised FY19-20 EBITDA forecasts.
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February 26, 2019 4:21 PM EST
ProPetro Holding (NYSE: PUMP) reported Q4 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue for the quarter came in at $425.4 million versus the consensus estimate of $416.28 million.
Fourth Quarter 2018 Highlights
Total revenue was $425.4 million as compared to the $434.0 million in the third quarter 2018.Grew net income to $51.8 million, a 12% increase from $46.3 million in the previous quarter.Adjusted EBITDA(1) increased 9% to $112.4 million from $103.3 million in the third...
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