Zacks Research Brokers Boost Earnings Estimates for ProPetro

ProPetro Holding Corp. (NYSE:PUMP) – Analysts at Zacks Research upped their Q1 2027 EPS estimates for shares of ProPetro in a report released on Friday, September 4th. Zacks Research analyst Team now expects that the company will earn $0.06 per share for the quarter, up from their previous estimate of $0.04. The consensus estimate for ProPetro’s current full-year earnings is ($0.09) per share. Zacks Research also issued estimates for ProPetro’s Q2 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.05 EPS, FY2027 earnings at $0.23 EPS, Q2 2028 earnings at $0.22 EPS and FY2028 earnings at $1.08 EPS.

PUMP has been the topic of several other research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of ProPetro in a research report on Wednesday, June 3rd. Citigroup decreased their price objective on shares of ProPetro from $20.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Odeon Capital Group began coverage on shares of ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating on the stock. Barclays reduced their price objective on ProPetro from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Stifel Nicolaus dropped their target price on shares of ProPetro from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ProPetro has a consensus rating of “Moderate Buy” and an average target price of $16.12.

ProPetro Trading Up 0.2%

Shares of NYSE PUMP opened at $11.49 on Monday. ProPetro has a fifty-two week low of $4.52 and a fifty-two week high of $18.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.00 and a current ratio of 4.09. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -104.45 and a beta of 0.77. The business’s 50 day moving average price is $11.89 and its 200-day moving average price is $13.74.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The firm had revenue of $305.81 million during the quarter, compared to analysts’ expectations of $304.48 million. During the same period in the prior year, the company posted ($0.07) EPS. The company’s revenue was down 6.3% compared to the same quarter last year.

Hedge Funds Weigh In On ProPetro

Several hedge funds and other institutional investors have recently modified their holdings of PUMP. BlackRock Inc. purchased a new stake in shares of ProPetro during the second quarter valued at $130,574,000. Sourcerock Group LLC raised its holdings in shares of ProPetro by 66.4% during the second quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock worth $50,198,000 after purchasing an additional 3,355,848 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in ProPetro by 14.7% during the first quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company’s stock valued at $93,408,000 after purchasing an additional 831,823 shares during the period. Philosophy Capital Management LLC lifted its position in ProPetro by 14.8% during the third quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company’s stock valued at $21,208,000 after purchasing an additional 520,327 shares during the period. Finally, VR Advisory Services Ltd boosted its holdings in ProPetro by 213.2% in the third quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock valued at $19,280,000 after purchasing an additional 2,504,634 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ProPetro

In other ProPetro news, Director G Lawrence sold 35,831 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the completion of the sale, the director owned 28,181 shares of the company’s stock, valued at approximately $314,499.96. This trade represents a 55.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Adam Muñoz sold 70,696 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total value of $789,674.32. Following the sale, the chief operating officer owned 148,691 shares in the company, valued at $1,660,878.47. The trade was a 32.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by insiders.

About ProPetro

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.