Zacks Research Has Negative Outlook for ProPetro Q1 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Zacks Research lowered their Q1 2027 earnings estimates for ProPetro in a note issued to investors on Thursday, October 16th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.22. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share. Zacks Research also issued estimates for ProPetro’s Q2 2027 earnings at $0.05 EPS and Q3 2027 earnings at $0.05 EPS.

ProPetro (NYSE:PUMP) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%.The company had revenue of $326.15 million for the quarter, compared to analyst estimates of $331.26 million. During the same period in the prior year, the business earned ($0.03) earnings per share. ProPetro’s revenue for the quarter was down 9.2% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ProPetro in a report on Wednesday, October 8th. Barclays reaffirmed an “equal weight” rating and set a $5.00 price target (down from $6.00) on shares of ProPetro in a report on Monday, October 13th. Piper Sandler decreased their price target on ProPetro from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Citigroup increased their price target on ProPetro from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $10.00 price target on ProPetro and gave the stock a “buy” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ProPetro has a consensus rating of “Reduce” and a consensus price target of $6.80.

ProPetro Price Performance

Shares of NYSE PUMP opened at $5.81 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.42 and a quick ratio of 1.35. The stock has a fifty day moving average price of $5.05 and a 200 day moving average price of $5.47. ProPetro has a 1-year low of $4.51 and a 1-year high of $11.17. The company has a market cap of $603.55 million, a PE ratio of -3.95 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Investing LLC raised its stake in shares of ProPetro by 32.3% during the 3rd quarter. Inspire Investing LLC now owns 86,196 shares of the company’s stock worth $452,000 after buying an additional 21,058 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of ProPetro by 14.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 144,210 shares of the company’s stock worth $861,000 after buying an additional 18,062 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of ProPetro by 127.3% during the 2nd quarter. Squarepoint Ops LLC now owns 102,166 shares of the company’s stock worth $610,000 after buying an additional 57,226 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of ProPetro by 8.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 272,763 shares of the company’s stock worth $1,628,000 after buying an additional 21,451 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of ProPetro by 70.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock worth $64,000 after buying an additional 4,461 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

About ProPetro

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.