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

ProPetro (NYSE:PUMP) posted its earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10, Briefing.com reports. The company 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%. ProPetro’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share.

ProPetro Stock Up 2.6 %

Shares of NYSE PUMP traded up $0.23 during mid-day trading on Thursday, hitting $9.16. 1,614,274 shares of the stock traded hands, compared to its average volume of 1,581,023. The company has a market cap of $985.34 million, a price-to-earnings ratio of 12.11 and a beta of 2.09. The stock has a fifty day moving average price of $7.99 and a 200-day moving average price of $8.51. ProPetro has a 52 week low of $6.33 and a 52 week high of $11.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.08 and a current ratio of 1.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PUMP shares. Benchmark reissued a “hold” rating on shares of ProPetro in a research note on Thursday. TheStreet downgraded shares of ProPetro from a “b-” rating to a “c+” rating in a research report on Monday, January 8th.

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.