Equities research analysts predict that Propetro Holding Corp (NYSE:PUMP) will report $384.37 million in sales for the current fiscal quarter, Zacks Investment Research reports. Twenty One analysts have made estimates for Propetro’s earnings. The highest sales estimate is $408.30 million and the lowest is $330.90 million. Propetro posted sales of $425.41 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.6%. The firm is expected to announce its next earnings report on Tuesday, February 25th.
On average, analysts expect that Propetro will report full year sales of $2.00 billion for the current fiscal year, with estimates ranging from $1.91 billion to $2.03 billion. For the next year, analysts forecast that the business will report sales of $1.78 billion, with estimates ranging from $1.49 billion to $2.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Propetro.
Propetro (NYSE:PUMP) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.15). Propetro had a net margin of 9.40% and a return on equity of 21.83%. The company had revenue of $541.85 million during the quarter, compared to the consensus estimate of $508.39 million.
A number of analysts recently weighed in on PUMP shares. Cowen downgraded shares of Propetro to a “market perform” rating and cut their price target for the company from $17.00 to $11.00 in a research report on Thursday, September 12th. Piper Jaffray Companies cut shares of Propetro to a “neutral” rating and reduced their price target for the stock from $32.50 to $17.00 in a research report on Tuesday, September 3rd. Citigroup decreased their price target on shares of Propetro from $17.60 to $10.70 and set a “neutral” rating for the company in a report on Monday, September 23rd. Wells Fargo & Co decreased their price target on shares of Propetro from $22.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Finally, R. F. Lafferty cut shares of Propetro to a “hold” rating in a research report on Wednesday, September 4th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.61.
Shares of Propetro stock traded down $0.01 during trading on Friday, hitting $9.31. 1,336,639 shares of the company were exchanged, compared to its average volume of 1,659,833. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $947.96 million, a P/E ratio of 4.66, a price-to-earnings-growth ratio of 0.35 and a beta of 1.87. The firm’s fifty day moving average price is $8.37 and its 200 day moving average price is $12.97. Propetro has a 1-year low of $7.07 and a 1-year high of $25.38.
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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