ProPetro Holding Corp. (NYSE:PUMP) Expected to Post Earnings of $0.19 Per Share

Brokerages forecast that ProPetro Holding Corp. (NYSE:PUMPGet Rating) will post earnings per share of $0.19 for the current quarter, according to Zacks. Nine analysts have issued estimates for ProPetro’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.08. ProPetro posted earnings per share of ($0.08) during the same quarter last year, which indicates a positive year over year growth rate of 337.5%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ProPetro will report full year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.39 to $1.38. For the next fiscal year, analysts expect that the firm will post earnings of $1.32 per share, with EPS estimates ranging from $0.89 to $1.78. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow ProPetro.

ProPetro (NYSE:PUMPGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $282.68 million for the quarter, compared to the consensus estimate of $273.81 million. ProPetro had a negative net margin of 2.21% and a negative return on equity of 2.62%. ProPetro’s revenue was up 75.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) EPS.

Several research firms recently issued reports on PUMP. Piper Sandler decreased their target price on shares of ProPetro from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Thursday. Zacks Investment Research cut shares of ProPetro from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research report on Wednesday, February 16th. Tudor, Pickering, Holt & Co. upgraded shares of ProPetro from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Tudor Pickering raised shares of ProPetro from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Finally, Stifel Nicolaus increased their target price on shares of ProPetro from $13.00 to $16.00 in a research note on Friday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $15.63.

Shares of PUMP stock traded up $0.32 during trading hours on Monday, hitting $12.27. The company’s stock had a trading volume of 19,267 shares, compared to its average volume of 1,209,875. The company has a 50 day moving average of $13.85 and a 200 day moving average of $11.47. The stock has a market cap of $1.28 billion, a PE ratio of -55.77 and a beta of 2.51. ProPetro has a 12-month low of $6.39 and a 12-month high of $16.92.

In other ProPetro news, Director Phillip A. Gobe sold 40,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $12.26, for a total transaction of $490,400.00. Following the sale, the director now directly owns 244,111 shares in the company, valued at approximately $2,992,800.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spencer D. Armour III sold 32,931 shares of the business’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $14.37, for a total transaction of $473,218.47. Following the sale, the director now owns 54,515 shares in the company, valued at $783,380.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,464 shares of company stock worth $1,257,927. Insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of ProPetro during the 1st quarter worth about $34,000. Aaron Wealth Advisors LLC purchased a new position in ProPetro in the 1st quarter worth approximately $253,000. US Bancorp DE boosted its holdings in ProPetro by 129.1% in the 3rd quarter. US Bancorp DE now owns 4,513 shares of the company’s stock worth $39,000 after acquiring an additional 2,543 shares during the period. Chilton Capital Management LLC purchased a new position in ProPetro in the 4th quarter worth approximately $37,000. Finally, Royal Bank of Canada boosted its stake in shares of ProPetro by 1,948.7% during the 2nd quarter. Royal Bank of Canada now owns 6,146 shares of the company’s stock valued at $57,000 after buying an additional 5,846 shares during the last quarter. 86.35% of the stock is owned by institutional investors.

ProPetro Company Profile (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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Earnings History and Estimates for ProPetro (NYSE:PUMP)

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