ProPetro (PUMP) Set to Announce Earnings on Wednesday

ProPetro (NYSE:PUMP) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect ProPetro to post earnings of $0.08 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

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

ProPetro Stock Up 2.2 %

Shares of PUMP opened at $8.64 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.08 and a current ratio of 1.15. ProPetro has a one year low of $6.33 and a one year high of $11.37. The stock has a market capitalization of $929.40 million, a price-to-earnings ratio of 11.68 and a beta of 2.13. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $8.56.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PUMP. TheStreet lowered ProPetro from a “b-” rating to a “c+” rating in a research note on Monday, January 8th. Benchmark lowered ProPetro from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th.

About ProPetro

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.