Zacks Research Estimates ProPetro’s Q1 Earnings (NYSE:PUMP)

ProPetro Holding Corp. (NYSE:PUMP) – Stock analysts at Zacks Research reduced their Q1 2028 earnings estimates for ProPetro in a research report issued on Thursday, October 22nd. Zacks Research analyst Team now forecasts that the company will post earnings of ($0.05) per share for the quarter, down from their prior forecast of ($0.02). The consensus estimate for ProPetro’s current full-year earnings is ($0.10) per share.

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 net margin of 1.15% and a negative return on equity of 1.49%. The business had revenue of $305.81 million during the quarter, compared to analysts’ expectations of $304.48 million. During the same period in the previous year, the company posted ($0.07) earnings per share. ProPetro’s revenue for the quarter was down 6.3% compared to the same quarter last year.

Several other brokerages have also recently issued reports on PUMP. Citigroup decreased their price objective on ProPetro from $16.00 to $14.50 and set a “buy” rating for the company in a report on Friday, October 2nd. Weiss Ratings lowered ProPetro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 29th. Scotiabank started coverage on ProPetro in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $12.00 price target for the company. Morgan Stanley decreased their price target on ProPetro from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Finally, Wall Street Zen downgraded ProPetro from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ProPetro currently has an average rating of “Moderate Buy” and a consensus price target of $15.05.

ProPetro Price Performance

Shares of PUMP opened at $7.32 on Monday. The business’s 50-day moving average is $9.94 and its two-hundred day moving average is $12.56. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80. ProPetro has a fifty-two week low of $6.91 and a fifty-two week high of $18.50.

Insider Buying and Selling at ProPetro

In related news, COO Adam Muñoz sold 70,696 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total transaction of $789,674.32. Following the sale, the chief operating officer owned 148,691 shares in the company, valued at approximately $1,660,878.47. This trade represents a 32.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Lawrence sold 35,831 shares of ProPetro stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the completion of the transaction, the director directly owned 28,181 shares of the company’s stock, valued at $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. 1.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ProPetro

A number of institutional investors have recently modified their holdings of PUMP. Sterling Capital Management LLC raised its holdings in ProPetro by 1,062.2% in the 3rd quarter. Sterling Capital Management LLC now owns 4,091 shares of the company’s stock worth $36,000 after purchasing an additional 3,739 shares during the period. Inspire Investing LLC grew its holdings in ProPetro by 53.0% in the third quarter. Inspire Investing LLC now owns 72,075 shares of the company’s stock valued at $637,000 after purchasing an additional 24,968 shares during the period. Pension & Wealth Management Advisors Inc. grew its holdings in ProPetro by 96.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 16,621 shares of the company’s stock valued at $147,000 after purchasing an additional 8,161 shares during the period. Assenagon Asset Management S.A. grew its holdings in ProPetro by 182.6% in the third quarter. Assenagon Asset Management S.A. now owns 3,684,710 shares of the company’s stock valued at $32,573,000 after purchasing an additional 2,380,655 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of ProPetro by 44.6% in the third quarter. State of Alaska Department of Revenue now owns 5,359 shares of the company’s stock valued at $47,000 after buying an additional 1,653 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Company Profile

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to oil and natural gas exploration and production companies. Its primary offerings include hydraulic fracturing, well stimulation and wireline services used to prepare newly drilled wells for production and support ongoing well operations.

The company operates primarily in the Permian Basin, serving customers in the West Texas and southeastern New Mexico region. ProPetro’s services are focused on unconventional shale and tight-rock wells, where specialized pumping, pressure-control and downhole technologies are used to improve hydrocarbon recovery.

ProPetro was founded in 2007 and is headquartered in Midland, Texas.