Equities research analysts expect Propetro Holding Corp (NYSE:PUMP) to post sales of $515.24 million for the current fiscal quarter, according to Zacks. Twenty analysts have issued estimates for Propetro’s earnings. The lowest sales estimate is $477.45 million and the highest is $556.90 million. Propetro reported sales of $385.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.8%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that Propetro will report full year sales of $2.11 billion for the current financial year, with estimates ranging from $1.70 billion to $2.30 billion. For the next year, analysts expect that the company will post sales of $2.24 billion, with estimates ranging from $1.56 billion to $2.70 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Propetro.
Several equities research analysts have recently weighed in on PUMP shares. Royal Bank of Canada reissued a “buy” rating and set a $24.00 target price on shares of Propetro in a research report on Thursday, February 28th. Credit Suisse Group raised their target price on Propetro from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Cowen reissued a “buy” rating and set a $28.00 target price on shares of Propetro in a research report on Thursday, February 28th. ValuEngine raised Propetro from a “sell” rating to a “hold” rating in a research report on Monday, February 11th. Finally, Goldman Sachs Group started coverage on Propetro in a research report on Sunday, March 10th. They set a “buy” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.50.
Shares of NYSE PUMP traded up $0.24 during midday trading on Friday, hitting $20.94. 1,392,450 shares of the company’s stock were exchanged, compared to its average volume of 1,180,089. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.97 and a current ratio of 0.99. Propetro has a twelve month low of $11.27 and a twelve month high of $21.45. The firm has a market capitalization of $2.05 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.82.
ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.
Read More: Can systematic risk be avoided?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Propetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Propetro and related companies with MarketBeat.com's FREE daily email newsletter.