ProPetro (NYSE:PUMP) Releases Earnings Results, Misses Estimates By $0.02 EPS

ProPetro (NYSE:PUMP) issued its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. ProPetro had a negative net margin of 9.37% and a positive return on equity of 1.31%.

ProPetro Trading Up 2.6 %

ProPetro stock opened at $9.04 on Wednesday. The stock’s 50 day moving average is $9.53 and its 200-day moving average is $8.51. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05. ProPetro has a 12 month low of $6.53 and a 12 month high of $11.17.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup upped their price objective on 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. upgraded ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock 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 stock. Based on data from MarketBeat, ProPetro currently has an average rating of “Hold” and a consensus price target 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.