ProPetro Holding price target raised to $13 from $12 at Barclays

Barclays raised the firm’s price target on ProPetro Holding to $13 from $12 and keeps an Overweight rating on the shares. The analyst says Q4 seasonality is expected to be more extensive than initially anticipated for U.S. onshore energy services, primarily driven by efficiencies delivering better well productivity, a sign of the maturing cycle.