ProPetro (PUMP) to Release Earnings on Wednesday

ProPetro (NYSE:PUMP) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $317.62 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ProPetro Stock Up 1.5 %

PUMP stock opened at $8.81 on Monday. ProPetro has a fifty-two week low of $6.53 and a fifty-two week high of $11.17. The business’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $8.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. The company has a market capitalization of $906.40 million, a price-to-earnings ratio of -6.62 and a beta of 1.98.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upgraded ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a report on Friday, December 6th. Citigroup upped their target price on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.75.

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.