Zacks Research Has Negative Outlook for ProPetro Q2 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Equities researchers at Zacks Research lowered their Q2 2027 earnings estimates for shares of ProPetro in a research note issued to investors on Tuesday, February 3rd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.06. Zacks Research currently has a “Hold” 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 Q3 2027 earnings at $0.06 EPS and FY2027 earnings at $0.34 EPS.

Several other research firms also recently issued reports on PUMP. Wolfe Research upgraded ProPetro to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, December 10th. Barclays reiterated a “neutral” rating on shares of ProPetro in a research note on Wednesday, December 17th. Citigroup raised their target price on ProPetro from $6.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Piper Sandler upped their price target on ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised shares of ProPetro from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $7.00 to $13.00 in a report on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.67.

ProPetro Stock Up 0.1%

PUMP opened at $11.85 on Wednesday. ProPetro has a 12 month low of $4.51 and a 12 month high of $12.14. The company has a market cap of $1.23 billion, a PE ratio of -69.68 and a beta of 0.77. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $10.13 and a 200 day moving average of $7.67.

Institutional Trading of ProPetro

A number of large investors have recently modified their holdings of PUMP. Trek Financial LLC bought a new position in shares of ProPetro in the third quarter worth approximately $57,000. Dark Forest Capital Management LP purchased a new position in ProPetro in the 3rd quarter worth approximately $57,000. MQS Management LLC bought a new position in shares of ProPetro in the 3rd quarter worth $58,000. PharVision Advisers LLC bought a new position in shares of ProPetro in the 2nd quarter worth $60,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of ProPetro during the 2nd quarter valued at $60,000. 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.