ProPetro (NYSE:PUMP) Releases Earnings Results

ProPetro (NYSE:PUMP - Get Free Report) announced its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The firm had revenue of $359.42 million during the quarter, compared to analyst estimates of $344.36 million. During the same quarter in the prior year, the firm posted $0.18 EPS. ProPetro's revenue was down 11.4% compared to the same quarter last year.

ProPetro Trading Up 2.8 %

ProPetro stock traded up $0.15 during midday trading on Friday, reaching $5.51. The stock had a trading volume of 1,686,859 shares, compared to its average volume of 1,569,359. The firm's fifty day simple moving average is $6.38 and its two-hundred day simple moving average is $7.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14. ProPetro has a twelve month low of $4.61 and a twelve month high of $11.17. The firm has a market cap of $571.85 million, a price-to-earnings ratio of -4.11 and a beta of 1.58.

Wall Street Analysts Forecast Growth

PUMP has been the topic of a number of research reports. Barclays dropped their price objective on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Benchmark restated a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Citigroup boosted their target price on shares of ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price target on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.50.

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.