Zacks Research Has Pessimistic View of ProPetro Q3 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Investment analysts at Zacks Research reduced their Q3 2027 earnings per share estimates for ProPetro in a report released on Friday, September 18th. Zacks Research analyst Team now anticipates that the company will earn $0.04 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for ProPetro’s current full-year earnings is ($0.11) per share.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%.The business had revenue of $305.81 million for the quarter, compared to analysts’ expectations of $304.48 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. ProPetro’s revenue for the quarter was down 6.3% compared to the same quarter last year.

PUMP has been the subject of a number of other research reports. Odeon Capital Group started coverage on shares of ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. Barclays reduced their price objective on shares of ProPetro from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of ProPetro from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 target price on shares of ProPetro in a research report on Wednesday, June 3rd. Finally, Citigroup cut their target price on shares of ProPetro from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ProPetro currently has a consensus rating of “Moderate Buy” and an average price target of $15.78.

ProPetro Stock Performance

Shares of PUMP opened at $10.03 on Monday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -91.14 and a beta of 0.77. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $11.44 and its two-hundred day moving average is $13.67. ProPetro has a 52-week low of $4.87 and a 52-week high of $18.50.

Insider Activity at ProPetro

In related news, COO Adam Muñoz sold 70,696 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total transaction of $789,674.32. Following the sale, the chief operating officer directly owned 148,691 shares of the company’s stock, valued at approximately $1,660,878.47. This represents a 32.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director G Lawrence sold 35,831 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the transaction, the director owned 28,181 shares in the company, valued at $314,499.96. This trade represents a 55.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.55% of the stock is currently owned by company insiders.

Institutional Trading of ProPetro

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of ProPetro in the 2nd quarter worth about $130,574,000. Dimensional Fund Advisors LP grew its position in shares of ProPetro by 14.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company’s stock valued at $93,408,000 after buying an additional 831,823 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in ProPetro by 10.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,449,379 shares of the company’s stock worth $49,706,000 after acquiring an additional 316,022 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in ProPetro during the first quarter worth about $42,748,000. Finally, Wellington Management Group LLP lifted its holdings in ProPetro by 882.3% in the second quarter. Wellington Management Group LLP now owns 2,290,361 shares of the company’s stock worth $32,844,000 after acquiring an additional 2,057,195 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Key Stories Impacting ProPetro

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: ProPetro’s PROPWR business signed new contracts to supply approximately 230 megawatts of power to Targa Resources. The agreements could support longer-term revenue visibility and strengthen ProPetro’s position in power solutions for energy infrastructure. PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
• Neutral Sentiment: A financial-news commentary titled “3 Reasons to Sell PUMP and 1 Stock to Buy Instead” adds to the negative narrative around the shares, but it represents an opinion rather than a new company announcement or formal analyst action. 3 Reasons to Sell PUMP and 1 Stock to Buy Instead
• Negative Sentiment: Zacks Research reduced its ProPetro EPS forecasts across several periods: FY2026 to a loss of $0.12 from a loss of $0.10, FY2027 to $0.20 from $0.23, and FY2028 to $0.64 from $1.08. It also lowered Q4 2026 EPS to $0.02 from $0.04 and cut Q1 2028 to a $0.02 loss from $0.16 profit, signaling weaker expected profitability and contributing to pressure on PUMP. ProPetro Holding analyst estimates
• Negative Sentiment: ProPetro announced the resignation of Chief Accounting Officer Robert K. McKee, effective September 16, 2026. The departure may raise near-term concerns about financial-reporting continuity and management stability until a successor is appointed. ProPetro Holding Announces Chief Accounting Officer Resignation

About ProPetro

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies developing unconventional oil and natural gas wells. The company primarily serves customers in the Permian Basin, including the Midland and Delaware basins of West Texas and southeastern New Mexico.

Its principal services include hydraulic fracturing, which uses high-pressure fluid to stimulate wells, as well as wireline services used for well evaluation, perforating and other completion activities.