ProPetro (NYSE:PUMP - Get Free Report) released its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03, Zacks reports. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. During the same period last year, the business posted $0.18 earnings per share. The firm's revenue was down 11.4% on a year-over-year basis.
ProPetro Price Performance
Shares of NYSE:PUMP traded up $0.61 during mid-day trading on Tuesday, reaching $5.88. The stock had a trading volume of 1,436,801 shares, compared to its average volume of 1,560,308. The business's 50 day moving average price is $6.66 and its 200 day moving average price is $8.05. ProPetro has a 1 year low of $4.61 and a 1 year high of $11.17. The company has a market cap of $610.15 million, a P/E ratio of -4.44 and a beta of 1.58. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06.
Analyst Upgrades and Downgrades
Several analysts have recently commented on PUMP shares. Benchmark restated a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Barclays decreased their price target on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Stifel Nicolaus upped their price objective on ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Citigroup lifted their target price on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.75.
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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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