Zacks Research Comments on ProPetro FY2028 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Investment analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of ProPetro in a report issued on Wednesday, March 4th. Zacks Research analyst Team expects that the company will post earnings of $1.27 per share for the year. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.14. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The firm had revenue of $289.68 million during the quarter, compared to analyst estimates of $279.90 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year.

PUMP has been the topic of a number of other reports. Piper Sandler increased their price target on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Wolfe Research upgraded ProPetro to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, December 10th. JPMorgan Chase & Co. upgraded shares of ProPetro from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $7.00 to $13.00 in a research report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of ProPetro in a research note on Monday, December 29th. Finally, Barclays raised their price target on shares of ProPetro from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.83.

ProPetro Price Performance

Shares of NYSE:PUMP opened at $12.61 on Friday. The company has a market cap of $1.54 billion, a PE ratio of 1,261.00 and a beta of 0.70. ProPetro has a fifty-two week low of $4.51 and a fifty-two week high of $13.25. The firm has a 50-day simple moving average of $10.89 and a 200 day simple moving average of $8.61. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.13.

Institutional Trading of ProPetro

Institutional investors have recently modified their holdings of the company. Valiant Capital Management L.P. bought a new position in ProPetro during the fourth quarter valued at about $34,890,000. Sourcerock Group LLC lifted its holdings in ProPetro by 66.4% in the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock valued at $50,198,000 after acquiring an additional 3,355,848 shares during the last quarter. VR Advisory Services Ltd boosted its position in shares of ProPetro by 213.2% during the 3rd 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of ProPetro by 209.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock worth $14,170,000 after purchasing an additional 1,830,399 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of ProPetro by 382.7% in the 3rd quarter. Millennium Management LLC now owns 2,215,896 shares of the company’s stock worth $11,611,000 after purchasing an additional 1,756,812 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Company Profile

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.