ProPetro Holding Corp. (NYSE:PUMP) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PUMP is expected to report 3Q20 loss of $ 0.25 per share from revenue of $ 138.20 million.
For the full year, analysts anticipate top line of $ 798.22 million, while looking forward to loss of $ 0.53 per share bottom line.
Previous Quarter Performance
ProPetro Holding Corp. unveiled loss for the second quarter of $ 0.26 per share, from the revenue of $ 106.11 million. The quarterly revenues reduced 79.83 percent compared with the same quarter last year. Wall street analysts are predicting, PUMP to report 2Q20 loss of $ 0.20 per share from revenue of $ 111.14 million. The bottom line results missed street analysts by $ 0.06 or 30 percent, at the same time, top line results fell short of analysts by $ 5.03 million or 4.53 percent.
Stock Performance
On Friday, shares of ProPetro Holding Corp. has traded high as $ 4.00 and has cracked $ 3.83 on the downward trend, reaching $ 3.95 with volume of 1.02 million shares.
According to the previous trading day, closing price of $ 3.95, representing a 186.76 % increase from the 52 week low of $ 1.36 and a 67.82 % decrease over the 52 week high of $ 12.12.
The company has a market capital of $ 398.55 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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. It serves the upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources in the Permian Basin.
