What is Zacks Research’s Estimate for ProPetro Q2 Earnings?

ProPetro Holding Corp. (NYSE:PUMP) – Equities research analysts at Zacks Research reduced their Q2 2028 earnings per share estimates for shares of ProPetro in a research report issued on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.11. The consensus estimate for ProPetro’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for ProPetro’s Q3 2028 earnings at $0.32 EPS and FY2028 earnings at $0.51 EPS.

Several other research analysts have also recently weighed in on PUMP. Citigroup decreased their target price on ProPetro from $16.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, October 2nd. Piper Sandler lowered their target price on ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Wall Street Zen cut shares of ProPetro from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Morgan Stanley cut their price target on shares of ProPetro from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Finally, Stifel Nicolaus cut their price target on shares of ProPetro from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.05.

ProPetro Stock Performance

PUMP opened at $7.20 on Friday. ProPetro has a one year low of $5.96 and a one year 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. The stock’s fifty day moving average is $10.12 and its 200-day moving average is $12.85.

ProPetro (NYSE:PUMP) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $304.48 million. During the same quarter last year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year.

Institutional Investors Weigh In On ProPetro

Several large investors have recently modified their holdings of PUMP. BlackRock Inc. acquired a new stake in shares of ProPetro during the second quarter worth $130,574,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of ProPetro by 182.6% during the third quarter. Assenagon Asset Management S.A. now owns 3,684,710 shares of the company’s stock valued at $32,573,000 after purchasing an additional 2,380,655 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of ProPetro by 10.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,449,379 shares of the company’s stock valued at $49,706,000 after purchasing an additional 316,022 shares during the period. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of ProPetro in the 1st quarter valued at $42,748,000. 84.70% of the stock is owned by institutional investors.

Insider Buying and Selling

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

About ProPetro

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to oil and natural gas exploration and production companies. Its primary offerings include hydraulic fracturing, well stimulation and wireline services used to prepare newly drilled wells for production and support ongoing well operations.

The company operates primarily in the Permian Basin, serving customers in the West Texas and southeastern New Mexico region. ProPetro’s services are focused on unconventional shale and tight-rock wells, where specialized pumping, pressure-control and downhole technologies are used to improve hydrocarbon recovery.

ProPetro was founded in 2007 and is headquartered in Midland, Texas.