ProPetro (PUMP) to Release Quarterly Earnings on Wednesday

ProPetro (NYSE:PUMP) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.24). ProPetro had a net margin of 5.25% and a return on equity of 10.26%. The firm had revenue of $347.80 million for the quarter, compared to the consensus estimate of $351.50 million. During the same period last year, the company posted $0.31 earnings per share. ProPetro’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect ProPetro to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProPetro Price Performance

Shares of NYSE PUMP opened at $9.00 on Tuesday. The stock has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $8.52. ProPetro has a 1-year low of $6.33 and a 1-year high of $11.37. The firm has a market cap of $968.13 million, a price-to-earnings ratio of 12.16 and a beta of 2.13. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PUMP shares. TheStreet lowered ProPetro from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Benchmark lowered ProPetro from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th.

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.