ProPetro (PUMP) Set to Announce Quarterly Earnings on Wednesday

ProPetro (NYSE:PUMP) is set to release its earnings data before the market opens on Wednesday, July 31st. Analysts expect ProPetro to post earnings of $0.12 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

ProPetro (NYSE:PUMP) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $405.84 million during the quarter, compared to analysts’ expectations of $393.11 million. ProPetro had a return on equity of 7.62% and a net margin of 4.76%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. On average, analysts expect ProPetro to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProPetro Price Performance

Shares of NYSE PUMP opened at $8.64 on Tuesday. The stock has a market cap of $929.66 million, a PE ratio of 12.90 and a beta of 2.10. ProPetro has a fifty-two week low of $6.99 and a fifty-two week high of $11.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.12 and a current ratio of 1.18. The stock has a fifty day moving average of $8.79 and a 200-day moving average of $8.40.

Insiders Place Their Bets

In other ProPetro news, COO Adam Munoz sold 42,573 shares of ProPetro stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.28, for a total transaction of $395,077.44. Following the completion of the sale, the chief operating officer now owns 58,134 shares of the company’s stock, valued at $539,483.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ProPetro news, COO Adam Munoz sold 42,573 shares of ProPetro stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.28, for a total transaction of $395,077.44. Following the completion of the sale, the chief operating officer now owns 58,134 shares of the company’s stock, valued at $539,483.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michele Vion sold 7,778 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $9.21, for a total value of $71,635.38. Following the completion of the sale, the director now directly owns 39,006 shares of the company’s stock, valued at approximately $359,245.26. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

PUMP has been the subject of several research analyst reports. Stifel Nicolaus dropped their price objective on ProPetro from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Barclays lifted their price objective on ProPetro from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, Benchmark reissued a “hold” rating on shares of ProPetro in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, ProPetro presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

About ProPetro

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.