Analysts Expect Propetro Holding Corp (NYSE:PUMP) Will Post Earnings of $0.68 Per Share

Equities research analysts forecast that Propetro Holding Corp (NYSE:PUMP) will post earnings per share (EPS) of $0.68 for the current quarter, Zacks Investment Research reports. Twenty Three analysts have provided estimates for Propetro’s earnings, with estimates ranging from $0.54 to $0.85. Propetro posted earnings per share of $0.45 in the same quarter last year, which would suggest a positive year over year growth rate of 51.1%. The company is expected to report its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Propetro will report full year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $3.23. For the next year, analysts anticipate that the business will post earnings of $3.02 per share, with EPS estimates ranging from $1.37 to $4.21. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Propetro.

Propetro (NYSE:PUMP) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The business had revenue of $546.18 million during the quarter, compared to analyst estimates of $524.22 million. Propetro had a net margin of 11.09% and a return on equity of 30.69%.

A number of research firms recently issued reports on PUMP. Bank of America downgraded shares of Propetro from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. B. Riley began coverage on shares of Propetro in a report on Friday, May 17th. They set a “buy” rating and a $29.00 price target on the stock. Wells Fargo & Co began coverage on shares of Propetro in a report on Friday, March 29th. They set an “outperform” rating on the stock. Raymond James downgraded shares of Propetro from a “strong-buy” rating to an “outperform” rating and set a $25.00 price target on the stock. in a report on Thursday, April 4th. Finally, ValuEngine downgraded shares of Propetro from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.00.

NYSE:PUMP traded down $0.28 on Friday, reaching $20.12. 8,434 shares of the stock traded hands, compared to its average volume of 1,481,366. The firm has a market capitalization of $2.11 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.19. Propetro has a 12 month low of $11.27 and a 12 month high of $25.38. The stock’s fifty day moving average is $19.82.

Propetro Company Profile

ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. The company offers hydraulic fracturing services; and a suite of well completion and production services, including cementing, acidizing, coiled tubing, flowback, surface air drilling, and drilling services.

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