ProPetro (PUMP) to Release Earnings on Wednesday

ProPetro (NYSE:PUMP) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). ProPetro had a net margin of 2.21% and a return on equity of 3.39%. The company had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $361.85 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. On average, analysts expect ProPetro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ProPetro Stock Performance

NYSE:PUMP opened at $7.67 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.11. The stock’s fifty day moving average is $7.94 and its 200 day moving average is $8.50. The firm has a market capitalization of $825.29 million, a PE ratio of 11.45 and a beta of 2.02. ProPetro has a fifty-two week low of $6.74 and a fifty-two week high of $11.37.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lowered their price target on ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price target on ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 11th.

Insiders Place Their Bets

In other ProPetro news, Director Michele Vion sold 5,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $8.26, for a total value of $41,300.00. Following the completion of the transaction, the director now directly owns 34,006 shares in the company, valued at approximately $280,889.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.

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.