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PUMP

ProPetro Holding

$17.28

-0.15 (-0.86%)

, PXD

Pioneer Natural

$150.29

-4.1 (-2.66%)

09:17
11/14/18
11/14
09:17
11/14/18
09:17

ProPetro Holding to hold a conference call

Conference call to discuss the acquisition of pumping services assets from Pioneer Natural Resources will be held on November 14 at 9 am. Webcast Link

PUMP

ProPetro Holding

$17.28

-0.15 (-0.86%)

PXD

Pioneer Natural

$150.29

-4.1 (-2.66%)

  • 14

    Nov

PUMP ProPetro Holding
$17.28

-0.15 (-0.86%)

10/17/18
BOFA
10/17/18
INITIATION
Target $22
BOFA
Buy
ProPetro Holding initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Chase Mulvehill initiated ProPetro Holding with a Buy rating and a price target of $22.
11/08/18
SPHN
11/08/18
NO CHANGE
Target $25
SPHN
Overweight
ProPetro Holding price target raised to $25 from $21 at Stephens
Stephens analyst Tommy Moll noted that ProPetro delivered record fleet-level profitability in Q3, which he said comes in sharp contrast to the pressure pumping industry's broadly experienced headwinds for pricing, profitability and utilization. The analyst, who sees ProPetro being poised to continues its outperformance into year end and 2019, raised his price target on the shares to $25 and keeps an Overweight rating on the stock.
10/17/18
BOFA
10/17/18
NO CHANGE
BOFA
BofA/Merrill reinstating Oilfield Services coverage with Halliburton as top pick
BofA analyst Chase Mulvehill reinstated coverage of U.S. onshore and diversified oilfield service, or OFS, saying he has a bullish near-to-medium term view on the sector. The analyst notes that OFS should outperform thanks to rising oil prices that should lead to "solid" cash flows across the sector. Mulvehill further anticipates investment to increase across the industry, with North America land E&P spending surprising to the upside and U.S. onshore D&C spending rising nearly 20%. The analyst also sees "Permian pipeline relief" adding to the benefits with exposure to the basin. Mulvehill's Top Pick is Halliburton (HAL), and his other Buy-rated names include Baker Hughes (BHGE), C&J Energy Services (CJ), FTS International (FTSI), Keane Group (FRAC), Nabors Industries (NBR), Nine Energy Service (NINE), Patterson-UTI Energy (PTEN), ProPetro Holdings Corp (PUMP), and Schlumberger (SLB).
10/10/18
WOLF
10/10/18
INITIATION
Target $24
WOLF
Outperform
ProPetro Holding initiated with an Outperform at Wolfe Research
Wolfe Research initiated ProPetro Holding with an Outperform and $24 price target calling it a "top pumping idea."
PXD Pioneer Natural
$150.29

-4.1 (-2.66%)

10/02/18
OPCO
10/02/18
INITIATION
OPCO
Perform
Pioneer Natural initiated with a Perform at Oppenheimer
Oppenheimer analyst Tim Rezvan initiated Pioneer Natural with an Perform rating.
09/27/18
PIPR
09/27/18
INITIATION
PIPR
Overweight
Pioneer Natural assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst Ryan Todd assumed coverage of Pioneer Natural with an Overweight rating and a $274 price target.
10/29/18
IFSG
10/29/18
INITIATION
Target $195
IFSG
Outperform
Pioneer Natural initiated with an Outperform at IFS Securities
IFS Securities analyst Eli Kantor started Pioneer Natural Resources with an Outperform rating and $195 price target. The company's "peer-leading inventory of top-tier undeveloped locations" should drive top-decile capital efficiency metrics for the next 10-plus years, Kantor tells investors in a research note.
10/10/18
GHSC
10/10/18
DOWNGRADE
GHSC
Neutral
Pioneer Natural downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst John Aschenbeck downgraded Pioneer Natural to Neutral from Buy and trimmed its price target to $210 from $230 citing increased FY19 capex expectations. Aschenbeck believes Pioneer's FY19 capex is on a trajectory for a "hefty" $4.13B, 15% above the consensus average, with FY19 production outlook approximately inline with Street expectations. The analyst now expects subpar debt-adjusted production CAGR versus peers and a relatively light free cash flow yield through 2020.

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