What is Zacks Research's Forecast for ProPetro Q1 Earnings?

Key Points

• Zacks Research has revised its Q1 2027 earnings per share estimate for ProPetro to $0.22, increasing from a previous estimate of $0.19, while maintaining a "Strong Sell" rating on the stock.
• ProPetro's stock opened at $4.80 and has a market cap of approximately $498.54 million, indicating challenges as its shares recently declined by 4.3%.
• Analyst ratings for ProPetro reveal a mixed outlook, with two "Buy," four "Hold," and one "Sell" ratings, leading to an average target price of $8.80.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Zacks Research upped their Q1 2027 earnings estimates for ProPetro in a report released on Tuesday, September 2nd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.22 for the quarter, up from their prior estimate of $0.19. Zacks Research currently has a "Strong Sell" 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 Q2 2027 earnings at $0.03 EPS and FY2027 earnings at $0.36 EPS.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%.The company had revenue of $326.15 million during the quarter, compared to analysts' expectations of $331.26 million. During the same period in the prior year, the business posted ($0.03) EPS. The company's quarterly revenue was down 9.2% on a year-over-year basis.

Several other research analysts have also recently issued reports on PUMP. Piper Sandler reduced their target price on shares of ProPetro from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Stifel Nicolaus set a $10.00 price target on shares of ProPetro and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.80.

ProPetro Stock Performance

Shares of ProPetro stock traded down $0.11 during trading on Thursday, hitting $4.66. 3,551,402 shares of the company's stock were exchanged, compared to its average volume of 1,811,111. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.35 and a current ratio of 1.42. The business has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $5.97. ProPetro has a 52-week low of $4.51 and a 52-week high of $11.17. The stock has a market capitalization of $484.92 million, a price-to-earnings ratio of -3.17 and a beta of 1.13.

Institutional Trading of ProPetro

Several institutional investors have recently modified their holdings of PUMP. Hsbc Holdings PLC lifted its stake in shares of ProPetro by 3.5% in the first quarter. Hsbc Holdings PLC now owns 49,858 shares of the company's stock worth $371,000 after buying an additional 1,675 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of ProPetro by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 163,394 shares of the company's stock worth $975,000 after buying an additional 1,990 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ProPetro by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company's stock worth $379,000 after buying an additional 2,230 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of ProPetro by 4.4% in the second quarter. Franklin Resources Inc. now owns 56,941 shares of the company's stock worth $340,000 after buying an additional 2,418 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in shares of ProPetro by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 99,361 shares of the company's stock worth $593,000 after buying an additional 2,789 shares in the last quarter. Institutional investors and hedge funds 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.