ProPetro (PUMP) Set to Announce Quarterly Earnings on Wednesday

ProPetro (NYSE:PUMP) is scheduled to 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, July 31st. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $361.85 million. ProPetro had a net margin of 2.21% and a return on equity of 3.39%. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. 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

ProPetro stock opened at $7.56 on Tuesday. The firm has a fifty day simple moving average of $7.89 and a two-hundred day simple moving average of $8.48. ProPetro has a twelve month low of $6.74 and a twelve month high of $11.37. The company has a market capitalization of $787.45 million, a PE ratio of 25.20 and a beta of 2.02. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PUMP. Stifel Nicolaus cut their target price on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Barclays cut their price objective on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th.

Insider Buying and Selling at ProPetro

In other ProPetro news, Director Michele Vion sold 5,000 shares of ProPetro stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $8.26, for a total transaction of $41,300.00. Following the transaction, the director now owns 34,006 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

ProPetro Company Profile

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.