ProPetro (PUMP) to Release Earnings on Wednesday

ProPetro (NYSE:PUMP) will be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect ProPetro to post earnings of $0.08 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.24). The company had revenue of $347.80 million for the quarter, compared to analyst estimates of $351.50 million. ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. On average, analysts expect ProPetro to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProPetro Stock Performance

Shares of PUMP stock opened at $8.98 on Monday. The company has a market cap of $965.98 million, a price-to-earnings ratio of 12.14 and a beta of 2.13. ProPetro has a 52 week low of $6.33 and a 52 week high of $11.37. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $7.94 and a 200-day moving average of $8.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PUMP shares. Benchmark cut ProPetro from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. TheStreet cut ProPetro from a “b-” rating to a “c+” rating in a report on Monday, January 8th.

About ProPetro

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.