Scotiabank Forecasts ProPetro’s FY2026 Earnings (NYSE:PUMP)

ProPetro Holding Corp. (NYSE:PUMP) – Stock analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of ProPetro in a report issued on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the company will post earnings per share of ($0.08) for the year. Scotiabank currently has a “Sector Perform” rating and a $12.00 price target on the stock. The consensus estimate for ProPetro’s current full-year earnings is ($0.11) per share. Scotiabank also issued estimates for ProPetro’s FY2027 earnings at ($0.02) EPS.

A number of other brokerages have also weighed in on PUMP. Weiss Ratings lowered shares of ProPetro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Piper Sandler reduced their target price on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Morgan Stanley began coverage on shares of ProPetro in a research note on Monday, September 14th. They set an “equal weight” rating and a $13.00 price target for the company. Barclays lowered their price target on ProPetro from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Wall Street Zen cut ProPetro from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.25.

ProPetro Stock Up 2.8%

Shares of PUMP opened at $9.25 on Friday. The firm has a fifty day moving average price of $10.86 and a 200-day moving average price of $13.45. The company has a current ratio of 4.09, a quick ratio of 4.00 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.14 billion, a P/E ratio of -84.08 and a beta of 0.86. ProPetro has a 12-month low of $4.87 and a 12-month high of $18.50.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.07) 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 business had revenue of $305.81 million during the quarter, compared to the consensus estimate of $304.48 million. During the same period last year, the company earned ($0.07) EPS. The business’s revenue was down 6.3% compared to the same quarter last year.

Insider Activity at ProPetro

In other news, Director G Lawrence sold 35,831 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 28,181 shares of the company’s stock, valued at approximately $314,499.96. This represents a 55.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adam Muñoz sold 70,696 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,660,878.47. This represents a 32.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of ProPetro during the 2nd quarter worth $74,000. State of Wyoming bought a new position in ProPetro in the first quarter worth about $83,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of ProPetro during the fourth quarter valued at about $111,000. Sequoia Financial Advisors LLC purchased a new stake in ProPetro during the first quarter valued at approximately $177,000. Finally, Alpine Global Management LLC acquired a new stake in ProPetro in the fourth quarter valued at approximately $118,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

About ProPetro

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies. Through its operating subsidiaries, the company primarily supports the development of unconventional oil and natural gas wells.

ProPetro’s services include hydraulic fracturing, well stimulation, wireline services and related completion activities. Its hydraulic fracturing operations use fleets of high-pressure pumping equipment to help operators complete wells, while its wireline business supports well intervention, evaluation and perforating activities.

Headquartered in Midland, Texas, ProPetro primarily serves customers operating in the Permian Basin of West Texas and southeastern New Mexico, one of the largest U.S.