Zacks Research Has Negative Outlook for ProPetro Q1 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Equities research analysts at Zacks Research lowered their Q1 2028 earnings per share (EPS) estimates for shares of ProPetro in a research note issued to investors on Wednesday, April 22nd. Zacks Research analyst Team now expects that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.24. The consensus estimate for ProPetro’s current full-year earnings is ($0.12) per share.

Several other analysts have also recently issued reports on the company. Bank of America initiated coverage on ProPetro in a report on Monday, March 30th. They set a “buy” rating and a $18.00 price objective on the stock. Barclays increased their price target on ProPetro from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Citigroup upgraded ProPetro from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $16.00 in a report on Wednesday, April 15th. Finally, Piper Sandler increased their price target on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.50.

ProPetro Stock Up 2.1%

Shares of PUMP opened at $15.40 on Thursday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 1,539.80 and a beta of 0.62. ProPetro has a 1 year low of $4.51 and a 1 year high of $15.60. The business’s 50 day simple moving average is $13.38 and its 200-day simple moving average is $10.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 1.24.

ProPetro (NYSE:PUMP) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.14. The business had revenue of $289.68 million for the quarter, compared to analysts’ expectations of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS.

Institutional Trading of ProPetro

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC grew its position in shares of ProPetro by 6.9% during 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 in the last quarter. FourThought Financial Partners LLC grew its position in shares of ProPetro by 3.1% during the 4th quarter. FourThought Financial Partners LLC now owns 60,830 shares of the company’s stock worth $578,000 after buying an additional 1,840 shares in the last quarter. Mutual Advisors LLC grew its position in shares of ProPetro by 1.2% during the 3rd quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock worth $864,000 after buying an additional 2,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ProPetro by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after buying an additional 2,230 shares in the last quarter. Finally, Profund Advisors LLC grew its position in shares of ProPetro by 14.2% during the 3rd quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after buying an additional 2,355 shares in the last quarter. Hedge funds and other institutional investors 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.