ProPetro (PUMP) Projected to Post Earnings on Wednesday

ProPetro (NYSE:PUMP) is expected to be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect ProPetro to post earnings of $0.01 per share and revenue of $317.62 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

ProPetro Stock Up 1.5 %

Shares of NYSE PUMP opened at $8.81 on Tuesday. ProPetro has a 52-week low of $6.53 and a 52-week high of $11.17. The firm has a fifty day moving average of $9.53 and a 200-day moving average of $8.51. The stock has a market capitalization of $906.40 million, a PE ratio of -6.62 and a beta of 1.98. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PUMP shares. Citigroup boosted their price objective on shares of ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective for the company in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.75.

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.