ProPetro (NYSE:PUMP – Get Free Report) is expected to post 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 interested in participating in the company’s earnings conference call can do so using this link.
ProPetro Stock Performance
NYSE PUMP opened at $9.04 on Wednesday. The firm has a 50-day moving average price of $9.46 and a two-hundred day moving average price of $8.51. ProPetro has a 12-month low of $6.53 and a 12-month high of $11.17. The company has a market capitalization of $929.97 million, a P/E ratio of -6.79 and a beta of 1.98. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on ProPetro from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Citigroup raised their price target on 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. raised shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ProPetro has a consensus rating of “Hold” and an average 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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