What is Zacks Research’s Estimate for ProPetro Q3 Earnings?

ProPetro Holding Corp. (NYSE:PUMP) – Equities researchers at Zacks Research lowered their Q3 2026 earnings estimates for shares of ProPetro in a report issued on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.02. The consensus estimate for ProPetro’s current full-year earnings is ($0.06) per share. Zacks Research also issued estimates for ProPetro’s Q4 2026 earnings at $0.03 EPS, FY2026 earnings at ($0.06) EPS and Q3 2027 earnings at $0.05 EPS.

Several other brokerages also recently weighed in on PUMP. Piper Sandler cut their price target on ProPetro from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Odeon Capital Group assumed coverage on ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price objective on shares of ProPetro in a research report on Wednesday, June 3rd. Barclays cut their target price 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. Finally, Citigroup reduced their target price on shares of ProPetro from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.50.

ProPetro Stock Down 4.6%

Shares of NYSE PUMP opened at $11.35 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of -103.18 and a beta of 0.77. The business’s fifty day simple moving average is $12.77 and its 200-day simple moving average is $13.77. ProPetro has a 12-month low of $4.51 and a 12-month high of $18.50. The company has a current ratio of 4.09, a quick ratio of 4.00 and a debt-to-equity ratio of 0.80.

ProPetro (NYSE:PUMP) last posted its quarterly earnings results 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 return on equity of 1.49% and a negative net margin of 1.15%.The business had revenue of $305.81 million during the quarter, compared to analyst estimates of $304.48 million. During the same quarter last year, the firm earned ($0.07) EPS. The business’s revenue was down 6.3% on a year-over-year basis.

Hedge Funds Weigh In On ProPetro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUMP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after purchasing an additional 2,230 shares in the last quarter. Millennium Management LLC grew its position in shares of ProPetro by 44.6% in the 1st quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock valued at $5,408,000 after buying an additional 226,914 shares during the last quarter. Jones Financial Companies Lllp raised its stake in ProPetro by 16,264.8% during the 1st quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock worth $198,000 after acquiring an additional 26,837 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in ProPetro by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock worth $4,483,000 after acquiring an additional 21,519 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in ProPetro in the first quarter valued at $272,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ProPetro

In other news, COO Adam Munoz sold 70,696 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total transaction of $789,674.32. Following the completion of the transaction, 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 can be accessed through this link. Also, Director G Larry Lawrence sold 35,831 shares of the stock in a transaction dated 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 transaction, the director owned 28,181 shares in the company, valued at approximately $314,499.96. The trade was a 55.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.55% 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.