ProPetro (PUMP) Set to Announce Earnings on Wednesday

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

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

ProPetro Trading Up 2.2 %

Shares of NYSE:PUMP opened at $8.64 on Wednesday. ProPetro has a 1 year low of $6.33 and a 1 year high of $11.37. The firm has a market capitalization of $929.40 million, a price-to-earnings ratio of 11.68 and a beta of 2.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.15 and a quick ratio of 1.08. The business’s 50 day moving average price is $7.90 and its 200-day moving average price is $8.56.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PUMP shares. Benchmark lowered ProPetro from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. TheStreet lowered ProPetro from a “b-” rating to a “c+” rating in a report on Monday, January 8th.

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.