Investing.com - ProPetro reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ProPetro announced earnings per share of $0.10 on revenue of $333M. Analysts polled by Investing.com anticipated EPS of $0.28 on revenue of $336.78M.
ProPetro shares are down 58% from the beginning of the year and are trading at $11.24 , down-from-52-week-high.
ProPetro shares lost 5.23% in after-hours trade the report.
ProPetro follows other major Energy sector earnings this month
ProPetro's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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