<div id="readability-page-1"><p><span>ProPetro (NYSE:PUMP - Get Free Report)</span> was upgraded by analysts at JPMorgan Chase &amp; Co. from a &#34;neutral&#34; rating to an &#34;overweight&#34; rating in a note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a $13.00 target price on the stock. JPMorgan Chase &amp; Co.'s price target indicates a potential upside of 18.40% from the stock's current price.</p><p>Several other research firms also recently commented on PUMP. Wolfe Research raised ProPetro to a &#34;buy&#34; rating and set a $13.00 price objective for the company in a research note on Wednesday. Piper Sandler raised ProPetro from a &#34;neutral&#34; rating to an &#34;overweight&#34; rating and set a $16.00 target price on the stock in a report on Monday, November 3rd. Barclays increased their price target on ProPetro from $5.00 to $10.00 and gave the stock an &#34;equal weight&#34; rating in a report on Monday, November 3rd. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of ProPetro in a report on Monday. Finally, Zacks Research raised shares of ProPetro from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating, four have issued  a Hold rating and one  has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of &#34;Hold&#34; and an average target price of $12.33.</p><p><b>Get Our Latest Report on ProPetro</b></p><h2>ProPetro Stock Performance</h2><p>Shares of ProPetro stock opened at $10.98 on Wednesday. The firm's fifty day simple moving average is $8.41 and its 200-day simple moving average is $6.54. ProPetro has a 12 month low of $4.51 and a 12 month high of $11.66. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -64.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.19. </p><p>ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.09. ProPetro had a negative net margin of 1.31% and a negative return on equity of 0.06%. The company had revenue of $293.92 million for the quarter, compared to the consensus estimate of $266.25 million. During the same period last year, the firm posted ($1.32) EPS. ProPetro's revenue for the quarter was down 18.6% on a year-over-year basis.  As a group, equities analysts forecast that  ProPetro will post 0.25 earnings per share for the current year. </p><h2>Insider Buying and Selling</h2><p>In other ProPetro news, Director G Larry Lawrence sold 27,000 shares of the business's stock in a transaction on Friday, October 31st. The stock was sold at an average price of $10.84, for a total transaction of $292,680.00. Following the sale, the director directly owned 35,831 shares in the company, valued at approximately $388,408.04. The trade was a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Michele Vion sold 6,916 shares of the company's stock in a transaction on Friday, October 31st. The shares were sold at an average price of $10.64, for a total value of $73,586.24. Following the completion of the sale, the director directly owned 45,029 shares in the company, valued at $479,108.56. This trade represents a 13.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by company insiders. </p><h2>Institutional Investors Weigh In On ProPetro</h2><p>Institutional investors and hedge funds have recently made changes to their positions in the business. Sourcerock Group LLC increased its holdings in  ProPetro by 66.4% during the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company's stock valued at $50,198,000 after acquiring an additional 3,355,848 shares in the last quarter.  Philosophy Capital Management LLC lifted its holdings in shares of  ProPetro by 14.8% in the third quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company's stock valued at $21,208,000 after purchasing an additional 520,327 shares in the last quarter.  American Century Companies Inc. grew its position in shares of  ProPetro by 5.4% in the third quarter. American Century Companies Inc. now owns 3,748,788 shares of the company's stock valued at $19,644,000 after purchasing an additional 192,638 shares during the last quarter.  VR Advisory Services Ltd increased its stake in shares of  ProPetro by 213.2% during the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company's stock worth $19,280,000 after purchasing an additional 2,504,634 shares in the last quarter.  Finally, Arrowstreet Capital Limited Partnership lifted its stake in  ProPetro by 209.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company's stock valued at $14,170,000 after buying an additional 1,830,399 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>About ProPetro</h2> (Get Free Report)<p>ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.</p><h2>See Also</h2><ul><li>Five stocks we like better than ProPetro</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>Ollie’s Bargain Outlet Hits Rock-Bottom in Q4: Buy the Dip?</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>Insiders Are Selling These 3 Stocks—Here’s Why</li><li>3 Fintech Stocks With Good 2021 Prospects</li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBVTVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBVTVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ProPetro Right Now?</h2><p>Before you consider ProPetro, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProPetro wasn't on the list.</p><p>While ProPetro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PUMP

<p>JPMorgan Chase & Co. upgraded ProPetro's stock rating from "neutral" to "overweight" with a $13.00 price target, indicating an 18.40% potential upside. Other firms also adjusted their ratings, with mixed opinions ranging from "buy" to "sell." ProPetro's stock opened at $10.98, with recent insider selling and institutional investors adjusting their positions. The company reported better-than-expected quarterly earnings, despite a year-over-year revenue decline.</p>

ProPetro (NYSE:PUMP) Rating Increased to Overweight at JPMorgan Chase & Co.