Analysts expect that Propetro Holding Corp (NYSE:PUMP) will post $525.79 million in sales for the current quarter, according to Zacks Investment Research. Twenty One analysts have made estimates for Propetro’s earnings, with the lowest sales estimate coming in at $471.19 million and the highest estimate coming in at $572.51 million. Propetro reported sales of $459.89 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Propetro will report full-year sales of $2.12 billion for the current year, with estimates ranging from $1.92 billion to $2.29 billion. For the next year, analysts expect that the company will report sales of $2.28 billion, with estimates ranging from $1.69 billion to $2.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Propetro.

Propetro (NYSE:PUMP) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.05. Propetro had a return on equity of 30.69% and a net margin of 11.09%. The business had revenue of $546.18 million during the quarter, compared to analysts’ expectations of $524.22 million.

Several equities analysts recently weighed in on PUMP shares. Bank of America cut Propetro from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Cowen reissued a “buy” rating and set a $28.00 price objective on shares of Propetro in a research report on Thursday, February 28th. Wells Fargo & Co started coverage on Propetro in a research report on Friday, March 29th. They set an “outperform” rating for the company. Credit Suisse Group boosted their price objective on Propetro from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Finally, Goldman Sachs Group initiated coverage on Propetro in a report on Sunday, March 10th. They issued a “buy” rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $26.00.

Shares of NYSE PUMP traded down $2.28 during trading hours on Thursday, hitting $19.28. 1,955,100 shares of the company’s stock were exchanged, compared to its average volume of 1,286,258. Propetro has a 1-year low of $11.27 and a 1-year high of $25.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.47 and a current ratio of 1.49. The stock has a market capitalization of $2.06 billion, a PE ratio of 9.64, a P/E/G ratio of 0.50 and a beta of 1.75.

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.

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