ProPetro (PUMP) Set to Announce Quarterly Earnings on Wednesday

ProPetro (NYSE:PUMP - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.11). The firm had revenue of $357.00 million for the quarter, compared to analysts' expectations of $361.85 million. ProPetro had a return on equity of 3.39% and a net margin of 2.21%. ProPetro's revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect ProPetro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ProPetro Stock Down 0.7 %

PUMP traded down $0.05 during mid-day trading on Wednesday, reaching $7.62. 650,134 shares of the stock were exchanged, compared to its average volume of 1,451,583. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.11. The stock has a market capitalization of $819.91 million, a PE ratio of 11.28 and a beta of 2.02. The company has a 50 day moving average price of $7.94 and a two-hundred day moving average price of $8.50. ProPetro has a 1 year low of $6.74 and a 1 year high of $11.37.

Insider Activity at ProPetro

In other news, Director Michele Vion sold 5,000 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $8.26, for a total transaction of $41,300.00. Following the sale, the director now directly owns 34,006 shares in the company, valued at $280,889.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PUMP has been the topic of a number of recent analyst reports. Barclays lowered their target price on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Stifel Nicolaus lowered their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, October 11th.

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.