FY2026 Earnings Forecast for ProPetro Issued By Scotiabank

Key Points

• Scotiabank forecasts ProPetro will remain unprofitable, estimating FY2026 EPS of $(0.08) and FY2027 EPS of $(0.02). It maintained a “Sector Perform” rating and a $12 price target.
• ProPetro’s latest quarterly results missed expectations, with EPS of $(0.07) versus the $(0.01) consensus estimate, while revenue reached $305.81 million and declined 6.3% year over year.
• Despite mixed results, analysts maintain a consensus “Moderate Buy” rating and a $15.40 target price; the stock opened at $8.99, well below its 50-day and 200-day moving averages.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Research analysts at Scotiabank issued their FY2026 earnings estimates for shares of ProPetro in a research note issued on Thursday, October 1st. Scotiabank analyst I. Rapp forecasts that the company will post earnings per share of ($0.08) for the year. Scotiabank has a "Sector Perform" rating and a $12.00 price target on the stock. The consensus estimate for ProPetro's current full-year earnings is ($0.11) per share. Scotiabank also issued estimates for ProPetro's FY2027 earnings at ($0.02) EPS.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $305.81 million for the quarter, compared to the consensus estimate of $304.48 million. ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%.ProPetro's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share.

Several other equities analysts have also issued reports on PUMP. Morgan Stanley started coverage on shares of ProPetro in a report on Monday, September 14th. They set an "equal weight" rating and a $13.00 target price for the company. Barclays decreased their target price on ProPetro from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of ProPetro from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday. Piper Sandler dropped their target price on shares of ProPetro from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. Finally, Citigroup reduced their price objective on ProPetro from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, ProPetro has a consensus rating of "Moderate Buy" and a consensus target price of $15.40.

ProPetro Trading Up 1.7%

NYSE PUMP opened at $8.99 on Friday. The stock's 50 day moving average is $10.91 and its 200 day moving average is $13.48. 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 firm has a market capitalization of $1.10 billion, a PE ratio of -81.75 and a beta of 0.87. ProPetro has a twelve month low of $4.87 and a twelve month high of $18.50.

Insider Buying and Selling at ProPetro

In other ProPetro news, Director G 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 transaction of $399,873.96. Following the completion of the transaction, the director owned 28,181 shares of the company's stock, valued at $314,499.96. This represents a 55.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Adam Muñoz sold 70,696 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total value of $789,674.32. Following the transaction, the chief operating officer owned 148,691 shares of the company's stock, valued at $1,660,878.47. This represents a 32.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by insiders.

Hedge Funds Weigh In On ProPetro

Large investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in ProPetro during the 1st quarter worth about $2,045,000. Assenagon Asset Management S.A. acquired a new position in shares of ProPetro during the 2nd quarter worth about $18,700,000. Fund 1 Investments LLC raised its position in shares of ProPetro by 2,653.6% in the second quarter. Fund 1 Investments LLC now owns 1,793,882 shares of the company's stock valued at $25,724,000 after buying an additional 1,728,736 shares during the last quarter. Engineers Gate Manager LP raised its holdings in ProPetro by 477.9% in the 2nd quarter. Engineers Gate Manager LP now owns 297,809 shares of the company's stock valued at $4,271,000 after acquiring an additional 246,278 shares during the last quarter. Finally, Arlington Capital Management Inc. purchased a new position in ProPetro in the 2nd quarter worth approximately $3,830,000. Institutional investors own 84.70% of the company's stock.

About ProPetro

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies. Through its operating subsidiaries, the company primarily supports the development of unconventional oil and natural gas wells.

ProPetro's services include hydraulic fracturing, well stimulation, wireline services and related completion activities. Its hydraulic fracturing operations use fleets of high-pressure pumping equipment to help operators complete wells, while its wireline business supports well intervention, evaluation and perforating activities.

Headquartered in Midland, Texas, ProPetro primarily serves customers operating in the Permian Basin of West Texas and southeastern New Mexico, one of the largest U.S.

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