ProPetro (NYSE:PUMP – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11), Briefing.com reports. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $361.85 million. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share.
ProPetro Stock Down 4.0 %
Shares of NYSE:PUMP traded down $0.38 during trading on Thursday, hitting $9.21. 2,218,477 shares of the company’s stock traded hands, compared to its average volume of 1,561,859. The company has a 50-day moving average price of $8.76 and a 200-day moving average price of $8.42. ProPetro has a 52 week low of $6.99 and a 52 week high of $11.37. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.05. The company has a market cap of $991.00 million, a price-to-earnings ratio of 14.31 and a beta of 2.10.
Insiders Place Their Bets
In other news, COO Adam Munoz sold 42,573 shares of the stock in a transaction on Friday, May 3rd. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ProPetro news, Director Michele Vion sold 7,778 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $9.21, for a total transaction of $71,635.38. Following the completion of the transaction, the director now owns 39,006 shares of the company’s stock, valued at approximately $359,245.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Adam Munoz sold 42,573 shares of ProPetro stock in a transaction that occurred on Friday, May 3rd. The shares were 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 in the company, valued at $539,483.52. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on PUMP
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.
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