Zacks Research Issues Negative Outlook for ProPetro Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for ProPetro in a research note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.21. Zacks Research has a “Hold” rating on the stock. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share.

ProPetro (NYSE:PUMP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.09. ProPetro had a negative return on equity of 0.06% and a negative net margin of 1.31%.The company had revenue of $293.92 million during the quarter, compared to analyst estimates of $266.25 million. During the same quarter last year, the firm posted ($1.32) EPS. The firm’s revenue for the quarter was down 18.6% on a year-over-year basis.

Several other research analysts also recently commented on PUMP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ProPetro in a report on Wednesday, October 8th. Citigroup raised their price target on ProPetro from $6.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Stifel Nicolaus set a $10.00 price objective on ProPetro and gave the company a “buy” rating in a research note on Wednesday, July 16th. Piper Sandler upgraded ProPetro from a “neutral” rating to an “overweight” rating and set a $16.00 target price for the company in a research note on Monday, November 3rd. Finally, Barclays upped their price target on ProPetro from $5.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.00.

ProPetro Stock Performance

NYSE:PUMP traded down $0.32 on Thursday, reaching $10.11. 1,400,557 shares of the company’s stock were exchanged, compared to its average volume of 2,269,234. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -59.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.35. The stock has a fifty day simple moving average of $6.52 and a 200-day simple moving average of $5.95. ProPetro has a 52 week low of $4.51 and a 52 week high of $11.66.

Insider Buying and Selling

In related news, Director Michele Vion sold 6,916 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $10.64, for a total value of $73,586.24. Following the sale, the director owned 45,029 shares in the company, valued at approximately $479,108.56. The trade was a 13.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Larry Lawrence sold 27,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $10.84, for a total transaction of $292,680.00. Following the transaction, the director owned 35,831 shares of the company’s stock, valued at $388,408.04. This trade represents a 42.97% decrease in their position. The SEC filing for this sale provides additional information. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ProPetro

Several institutional investors have recently made changes to their positions in PUMP. Hsbc Holdings PLC grew its holdings in ProPetro by 3.5% during the 1st quarter. Hsbc Holdings PLC now owns 49,858 shares of the company’s stock valued at $371,000 after purchasing an additional 1,675 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in ProPetro by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 163,394 shares of the company’s stock valued at $975,000 after buying an additional 1,990 shares in the last quarter. Mutual Advisors LLC boosted its position in ProPetro by 1.2% in the 3rd quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock valued at $864,000 after buying an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ProPetro by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after buying an additional 2,230 shares during the period. Finally, Profund Advisors LLC grew its stake in ProPetro by 14.2% in the 3rd quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after acquiring an additional 2,355 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

ProPetro Company Profile

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.