Zacks Research Has Pessimistic View of ProPetro Q1 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Analysts at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for ProPetro in a research report issued on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.21. Zacks Research has a “Hold” rating on the stock. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The company had revenue of $293.92 million during the quarter, compared to the consensus estimate of $266.25 million. ProPetro had a negative net margin of 1.31% and a negative return on equity of 0.06%. The company’s quarterly revenue was down 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.32) EPS.

Other equities analysts have also issued research reports about the stock. Barclays lifted their price target on shares of ProPetro from $5.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, November 3rd. Citigroup lifted their target price on ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Piper Sandler upgraded ProPetro from a “neutral” rating to an “overweight” rating and set a $16.00 price objective on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ProPetro in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

ProPetro Price Performance

ProPetro stock opened at $9.68 on Thursday. ProPetro has a 1 year low of $4.51 and a 1 year high of $11.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.35 and a current ratio of 1.26. The firm has a 50 day moving average price of $6.62 and a 200 day moving average price of $5.98. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -56.96 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PUMP. Sourcerock Group LLC grew its position in shares of ProPetro by 66.4% in the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock worth $50,198,000 after acquiring an additional 3,355,848 shares in the last quarter. American Century Companies Inc. boosted its holdings in ProPetro by 5.4% in the third quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock worth $19,644,000 after purchasing an additional 192,638 shares during the period. Philosophy Capital Management LLC boosted its holdings in ProPetro by 23.2% in the first quarter. Philosophy Capital Management LLC now owns 2,820,887 shares of the company’s stock worth $20,734,000 after purchasing an additional 531,751 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in ProPetro by 209.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock valued at $14,170,000 after purchasing an additional 1,830,399 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of ProPetro by 103.4% during the third quarter. JPMorgan Chase & Co. now owns 1,648,055 shares of the company’s stock worth $8,636,000 after purchasing an additional 837,776 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michele Vion sold 6,916 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $10.64, for a total value of $73,586.24. Following the completion of the transaction, the director owned 45,029 shares of the company’s stock, valued at approximately $479,108.56. This represents a 13.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director G Larry Lawrence sold 27,000 shares of ProPetro stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $10.84, for a total value of $292,680.00. Following the sale, the director owned 35,831 shares in the company, valued at $388,408.04. This represents a 42.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.60% of the company’s stock.

ProPetro Company Profile

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.