ProPetro (PUMP) Projected to Post Earnings on Wednesday

ProPetro (NYSE:PUMP) is anticipated to release 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ProPetro Stock Up 1.5 %

Shares of NYSE PUMP opened at $8.81 on Tuesday. The stock has a market cap of $906.40 million, a P/E ratio of -6.62 and a beta of 1.98. The company has a current ratio of 1.20, a quick ratio of 1.14 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. The business’s fifty day simple moving average is $9.53 and its 200-day simple moving average is $8.51.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup raised their price target 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 company. According to MarketBeat.com, ProPetro currently has an average rating of “Hold” and an average target price 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.