ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Research analysts at Zacks Research lowered their Q2 2024 EPS estimates for shares of ProPetro in a report released on Monday, April 1st. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. The consensus estimate for ProPetro's current full-year earnings is $0.49 per share. Zacks Research also issued estimates for ProPetro's Q3 2024 earnings at $0.17 EPS, FY2024 earnings at $0.45 EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.19 EPS, FY2025 earnings at $0.59 EPS and Q1 2026 earnings at $0.16 EPS.
ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.24). The business 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 firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS.
Several other analysts have also recently commented on PUMP. TheStreet cut shares of ProPetro from a "b-" rating to a "c+" rating in a research note on Monday, January 8th. Benchmark cut shares of ProPetro from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th.
Check Out Our Latest Analysis on PUMP
ProPetro Stock Performance
NYSE:PUMP traded up $0.06 during trading hours on Tuesday, reaching $7.97. 1,040,927 shares of the company's stock were exchanged, compared to its average volume of 1,509,805. The firm has a market capitalization of $857.33 million, a price-to-earnings ratio of 10.77 and a beta of 2.13. The company has a 50-day moving average of $7.80 and a 200 day moving average of $8.74. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.05. ProPetro has a 1-year low of $6.33 and a 1-year high of $11.37.
Hedge Funds Weigh In On ProPetro
A number of large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new position in shares of ProPetro in the 4th quarter valued at about $102,000. Wellington Management Group LLP increased its holdings in ProPetro by 5.7% during the 4th quarter. Wellington Management Group LLP now owns 740,554 shares of the company's stock valued at $6,206,000 after acquiring an additional 40,188 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in ProPetro by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,931 shares of the company's stock valued at $201,000 after acquiring an additional 1,735 shares in the last quarter. GSA Capital Partners LLP purchased a new position in ProPetro during the 4th quarter valued at about $606,000. Finally, Legal & General Group Plc increased its holdings in ProPetro by 3.5% during the 4th quarter. Legal & General Group Plc now owns 254,852 shares of the company's stock valued at $2,136,000 after acquiring an additional 8,637 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.
About ProPetro
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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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