ProPetro (NYSE:PUMP) Issues Earnings Results, Misses Estimates By $0.02 EPS

ProPetro (NYSE:PUMP - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02), Zacks reports. The company had revenue of $320.50 million for the quarter, compared to analyst estimates of $317.62 million. ProPetro had a positive return on equity of 3.20% and a negative net margin of 9.55%. The company's revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) earnings per share.

ProPetro Price Performance

NYSE:PUMP traded up $0.09 during mid-day trading on Friday, reaching $9.12. The stock had a trading volume of 2,470,807 shares, compared to its average volume of 1,303,202. The stock has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $8.52. The stock has a market capitalization of $938.21 million, a PE ratio of -6.80 and a beta of 1.98. 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 12 month low of $6.53 and a 12 month high of $11.17.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PUMP shares. Benchmark restated a "hold" rating on shares of ProPetro in a research report on Thursday. Citigroup raised 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. JPMorgan Chase & Co. raised shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 target price on the stock in a report on Friday, December 6th. Finally, Stifel Nicolaus raised their target price on shares of ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.00.

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.