Shares of Propetro Holding Corp. (PUMP) are soaring 5.09% in intraday trading on Tuesday, following a bullish analyst report from Barclays. The oilfield services company's stock is gaining momentum after receiving a vote of confidence from Wall Street.

Barclays analyst David Anderson reaffirmed his Buy rating on Propetro Holding, maintaining a price target of $6.00. This positive outlook from a major financial institution appears to have sparked investor interest, driving the stock's significant upward movement.

The reiteration of the Buy rating suggests that Barclays sees potential upside in Propetro Holding's future performance. Investors are likely interpreting this as a signal of the company's strong fundamentals and growth prospects in the oilfield services sector. As the energy market continues to evolve, Propetro Holding's position and analyst confidence could be key factors in its stock performance moving forward.