Zacks Research Has Negative View of ProPetro FY2026 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Equities research analysts at Zacks Research lowered their FY2026 earnings estimates for shares of ProPetro in a report released on Friday, September 18th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.12) for the year, down from their prior estimate of ($0.10). The consensus estimate for ProPetro’s current full-year earnings is ($0.11) per share. Zacks Research also issued estimates for ProPetro’s Q4 2026 earnings at $0.02 EPS, FY2027 earnings at $0.20 EPS, Q1 2028 earnings at ($0.02) EPS, Q2 2028 earnings at $0.11 EPS and FY2028 earnings at $0.64 EPS.

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

Other research analysts have also recently issued reports about the company. Wall Street Zen cut ProPetro from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Odeon Capital Group initiated coverage on ProPetro in a research report on Thursday, May 28th. They issued a “buy” rating for the company. Stifel Nicolaus reduced their price target on ProPetro from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Morgan Stanley started coverage on shares of ProPetro in a report on Monday, September 14th. They issued an “equal weight” rating and a $13.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.78.

ProPetro Stock Performance

Shares of ProPetro stock opened at $9.80 on Tuesday. The company’s 50 day moving average price is $11.37 and its two-hundred day moving average price is $13.65. The firm has a market capitalization of $1.20 billion, a P/E ratio of -89.14 and a beta of 0.77. ProPetro has a fifty-two week low of $4.87 and a fifty-two week high of $18.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.09 and a quick ratio of 4.00.

Institutional Trading of ProPetro

Several hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of ProPetro by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock worth $139,000 after buying an additional 944 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of ProPetro by 6.3% during the first quarter. Lazard Asset Management LLC now owns 54,637 shares of the company’s stock valued at $787,000 after acquiring an additional 3,219 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of ProPetro by 41.9% during the first quarter. Pictet Asset Management Holding SA now owns 17,237 shares of the company’s stock valued at $248,000 after acquiring an additional 5,092 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in ProPetro during the second quarter worth $74,000. Finally, State of Wyoming bought a new stake in ProPetro during the first quarter worth $83,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity

In other news, COO Adam Muñoz sold 70,696 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total transaction of $789,674.32. Following the transaction, the chief operating officer owned 148,691 shares of the company’s stock, valued at $1,660,878.47. This represents a 32.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director G Lawrence sold 35,831 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director directly owned 28,181 shares in the company, valued at $314,499.96. This trade represents a 55.98% decrease in their position. The SEC filing for this sale provides additional information. 1.55% of the stock is currently owned by corporate insiders.

Trending Headlines about ProPetro

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: ProPetro’s PROPWR subsidiary secured approximately 230 megawatts of long-term power contracts with Targa Resources, increasing its committed capacity to 510 MW. The agreement expands PROPWR’s Permian Basin footprint and could improve revenue visibility as ProPetro diversifies beyond traditional hydraulic fracturing services. ProPetro’s PROPWR Expands Power Footprint With Targa Deal ProPetro’s PROPWR signs 230-MW power deal with Targa for Permian gas processing
• Neutral Sentiment: ProPetro named an interim accounting chief. The appointment may be routine, but investors could monitor the transition for any impact on reporting, controls or financial guidance. A separate analysis questioned whether the stock’s stated undervaluation is compelling relative to the company’s sales base. ProPetro Holding Names an Interim Accounting Chief ProPetro Stock Looks Fully Priced Beside Its Sales Base
• Negative Sentiment: Zacks Research reduced ProPetro’s EPS forecasts across multiple periods, including FY2026 to a loss of $0.12 per share from a loss of $0.10, FY2027 to $0.20 from $0.23, and FY2028 to $0.64 from $1.08. The revisions reinforce concerns about near-term profitability and slower earnings growth.
• Negative Sentiment: Fundamentals remain challenging: ProPetro’s latest reported quarter missed the EPS consensus, revenue declined year over year, and the company remains forecast to post a full-year loss. The stock is also trading below its 50-day and 200-day moving averages, adding technical pressure.

ProPetro Company Profile

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies developing unconventional oil and natural gas wells. The company primarily serves customers in the Permian Basin, including the Midland and Delaware basins of West Texas and southeastern New Mexico.

Its principal services include hydraulic fracturing, which uses high-pressure fluid to stimulate wells, as well as wireline services used for well evaluation, perforating and other completion activities.