ProPetro (NYSE:PUMP – Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect ProPetro to post earnings of $0.01 per share and revenue of $317.62 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
ProPetro Trading Up 1.4 %
NYSE PUMP opened at $9.04 on Wednesday. The company has a market cap of $929.97 million, a price-to-earnings ratio of -6.79 and a beta of 1.98. ProPetro has a twelve month low of $6.53 and a twelve month high of $11.17. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average is $9.46 and its 200 day moving average is $8.51.
Wall Street Analysts Forecast Growth
PUMP has been the topic of several research reports. Barclays reduced their price target on ProPetro from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Citigroup lifted their target price on shares of ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upgraded shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.75.
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.
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