ProPetro (NYSE:PUMP) Posts Earnings Results, Beats Estimates 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, beating analysts’ consensus estimates of $0.08 by $0.10, Briefing.com reports. ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The firm had revenue of $405.84 million during the quarter, compared to analysts’ expectations of $393.11 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis.

ProPetro Stock Up 2.6 %

ProPetro stock traded up $0.23 during midday trading on Thursday, reaching $9.16. The stock had a trading volume of 1,614,274 shares, compared to its average volume of 1,587,427. The firm’s fifty day simple moving average is $7.99 and its 200-day simple moving average is $8.51. ProPetro has a 1-year low of $6.33 and a 1-year high of $11.37. The stock has a market capitalization of $985.34 million, a P/E ratio of 12.11 and a beta of 2.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.08 and a current ratio of 1.15.

Analyst Ratings Changes

PUMP has been the topic of several recent analyst reports. TheStreet cut ProPetro from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Benchmark reiterated a “hold” rating on shares of ProPetro in a report on Thursday.

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.