ProPetro (NYSE:PUMP) Releases Earnings Results, Beats Estimates By $0.10 EPS

ProPetro (NYSE:PUMP) released its earnings results on Wednesday. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10, Briefing.com reports. The firm had revenue of $405.84 million for the quarter, compared to analysts’ expectations of $393.11 million. ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share.

ProPetro Stock Up 2.6 %

ProPetro stock traded up $0.23 during mid-day trading on Thursday, reaching $9.16. 1,614,274 shares of the company were exchanged, compared to its average volume of 1,587,427. The business has a fifty day moving average of $7.99 and a 200 day moving average of $8.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.08 and a current ratio of 1.15. The firm has a market cap of $985.34 million, a P/E ratio of 12.11 and a beta of 2.09. ProPetro has a 12-month low of $6.33 and a 12-month high of $11.37.

Analyst Ratings Changes

A number of research firms have recently commented on PUMP. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research note on Thursday. 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.