ProPetro (NYSE:PUMP – Get Rating) will announce its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
ProPetro (NYSE:PUMP – Get Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.19). The business had revenue of $246.07 million for the quarter, compared to analyst estimates of $241.27 million. ProPetro had a negative return on equity of 6.45% and a negative net margin of 6.20%. The company’s revenue for the quarter was up 59.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.13) EPS. On average, analysts expect ProPetro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE PUMP opened at $13.68 on Tuesday. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -25.81 and a beta of 2.71. The stock’s 50-day simple moving average is $13.84. ProPetro has a one year low of $6.39 and a one year high of $16.92.
A number of hedge funds have recently bought and sold shares of PUMP. Royal Bank of Canada grew its stake in ProPetro by 1,948.7% in the second quarter. Royal Bank of Canada now owns 6,146 shares of the company’s stock valued at $57,000 after purchasing an additional 5,846 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of ProPetro by 9.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,475 shares of the company’s stock worth $93,000 after acquiring an additional 992 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of ProPetro during the 4th quarter worth approximately $176,000. Norges Bank bought a new position in shares of ProPetro during the 4th quarter worth approximately $218,000. Finally, Millennium Management LLC boosted its stake in shares of ProPetro by 31.6% during the 4th quarter. Millennium Management LLC now owns 27,988 shares of the company’s stock worth $227,000 after acquiring an additional 6,723 shares during the period. Hedge funds and other institutional investors own 81.49% of the company’s stock.
A number of equities research analysts have recently commented on PUMP shares. Stifel Nicolaus raised their price target on ProPetro from $13.00 to $16.00 in a research report on Friday, April 8th. R. F. Lafferty lifted their target price on ProPetro from $11.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Piper Sandler lifted their target price on ProPetro from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, April 13th. Finally, Zacks Investment Research lowered ProPetro from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Wednesday, February 16th.
About ProPetro (Get Rating)
ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources.
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