$384.37 Million in Sales Expected for Propetro Holding Corp (NYSE:PUMP) This Quarter

Wall Street analysts expect Propetro Holding Corp (NYSE:PUMP) to post $384.37 million in sales for the current fiscal quarter, according to Zacks Investment Research. Twenty One analysts have provided estimates for Propetro’s earnings, with the highest sales estimate coming in at $408.30 million and the lowest estimate coming in at $330.90 million. Propetro reported sales of $425.41 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 25th.

On average, analysts expect that Propetro will report full year sales of $2.00 billion for the current year, with estimates ranging from $1.91 billion to $2.03 billion. For the next financial year, analysts forecast that the company will post sales of $1.78 billion, with estimates ranging from $1.49 billion to $2.01 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Propetro.

Propetro (NYSE:PUMP) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.15). The firm had revenue of $541.85 million during the quarter, compared to analyst estimates of $508.39 million. Propetro had a net margin of 9.40% and a return on equity of 21.83%.

Several equities analysts have issued reports on PUMP shares. R. F. Lafferty cut shares of Propetro to a “hold” rating in a research report on Wednesday, September 4th. Cowen downgraded shares of Propetro to a “market perform” rating and dropped their price target for the company from $17.00 to $11.00 in a research note on Thursday, September 12th. Bank of America cut their price target on shares of Propetro from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Evercore ISI reissued a “buy” rating and issued a $26.00 price objective on shares of Propetro in a research note on Sunday, August 11th. Finally, AltaCorp Capital downgraded Propetro from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.61.

NYSE:PUMP opened at $9.44 on Friday. Propetro has a one year low of $7.07 and a one year high of $25.38. 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 company has a market cap of $947.97 million, a PE ratio of 4.72, a P/E/G ratio of 0.32 and a beta of 1.87. The firm’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $13.24.

About Propetro

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.

Further Reading: How to interpret a stock’s beta number

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