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

ProPetro (NYSE:PUMP) posted its quarterly earnings data on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.10, Briefing.com reports. ProPetro had a return on equity of 7.62% and a net margin of 4.76%. The business had revenue of $405.84 million during the quarter, compared to analyst estimates of $393.11 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis.

ProPetro Stock Performance

NYSE:PUMP traded up $0.13 during mid-day trading on Friday, hitting $9.29. The company’s stock had a trading volume of 1,744,802 shares, compared to its average volume of 1,830,776. The stock has a market cap of $999.33 million, a price-to-earnings ratio of 13.87 and a beta of 2.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.18 and a quick ratio of 1.08. The business’s fifty day moving average is $8.06 and its two-hundred day moving average is $8.51. ProPetro has a 1 year low of $6.33 and a 1 year high of $11.37.

Analyst Upgrades and Downgrades

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

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.