ProPetro (NYSE:PUMP – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11), Briefing.com reports. ProPetro had a net margin of 2.21% and a return on equity of 3.39%. The firm had revenue of $357.00 million for the quarter, compared to analyst estimates of $361.85 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was down 17.9% compared to the same quarter last year.
ProPetro Stock Performance
NYSE PUMP traded down $0.76 during trading on Friday, hitting $8.45. The company’s stock had a trading volume of 2,183,214 shares, compared to its average volume of 1,339,022. The company has a quick ratio of 1.12, a current ratio of 1.11 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $8.73 and a 200 day moving average price of $8.43. The firm has a market cap of $909.22 million, a P/E ratio of 12.64 and a beta of 2.10. ProPetro has a 52 week low of $6.99 and a 52 week high of $11.37.
Insiders Place Their Bets
In other ProPetro news, Director Michele Vion sold 7,778 shares of ProPetro stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $9.21, for a total value of $71,635.38. Following the transaction, the director now directly owns 39,006 shares of the company’s stock, valued at approximately $359,245.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.88% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on ProPetro
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.
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