Scotiabank Has Strong Forecast for ProPetro FY2026 Earnings

Key Points

• Scotiabank raised its ProPetro FY2026 EPS forecast to $0.07 from a prior estimate of a $0.08 loss, and projects FY2027 EPS of $0.18. It maintained a Sector Perform rating and a $16 price target.
• ProPetro’s latest quarterly results beat expectations: EPS was $0.09 versus consensus of a $0.01 loss, while revenue of $355.4 million exceeded estimates and rose 20.9% year over year.
• Analyst views are mixed, but MarketBeat reports a Moderate Buy consensus rating and an average price target of $15. Shares opened at $5.97, near their 12-month low of $5.95.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Equities research analysts at Scotiabank raised their FY2026 EPS estimates for shares of ProPetro in a report released on Monday, November 2nd. Scotiabank analyst I. Rapp now expects that the company will post earnings per share of $0.07 for the year, up from their prior forecast of ($0.08). Scotiabank currently has a "Sector Perform" rating and a $16.00 price target on the stock. The consensus estimate for ProPetro's current full-year earnings is ($0.08) per share. Scotiabank also issued estimates for ProPetro's FY2027 earnings at $0.18 EPS.

PUMP has been the subject of a number of other research reports. Citigroup lowered their price objective on shares of ProPetro from $14.50 to $12.00 and set a "buy" rating for the company in a research report on Wednesday. Wall Street Zen upgraded ProPetro from a "sell" rating to a "hold" rating in a report on Saturday, October 31st. Barclays decreased their target price on ProPetro from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. Freedom Broker upgraded ProPetro from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 29th. Finally, Stifel Nicolaus lowered their price target on ProPetro from $23.00 to $20.00 and set a "buy" rating for the company in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, ProPetro currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

ProPetro Price Performance

PUMP opened at $5.97 on Friday. The firm's fifty day moving average is $9.25 and its two-hundred day moving average is $12.45. ProPetro has a twelve month low of $5.95 and a twelve month high of $18.50. The company has a current ratio of 3.49, a quick ratio of 3.41 and a debt-to-equity ratio of 0.83.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.10. ProPetro had a net margin of 0.16% and a return on equity of 0.21%. The firm had revenue of $355.38 million during the quarter, compared to analysts' expectations of $320.44 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The business's revenue for the quarter was up 20.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its holdings 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 purchasing an additional 1,653 shares during the last quarter. Parallel Advisors LLC grew its position in ProPetro by 422.0% in the third quarter. Parallel Advisors LLC now owns 2,876 shares of the company's stock valued at $25,000 after purchasing an additional 2,325 shares in the last quarter. ProShare Advisors LLC increased its stake in ProPetro by 18.8% in the 3rd quarter. ProShare Advisors LLC now owns 15,571 shares of the company's stock valued at $138,000 after buying an additional 2,459 shares during the last quarter. Lazard Asset Management LLC increased its stake in ProPetro by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 54,637 shares of the company's stock valued at $787,000 after buying an additional 3,219 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in ProPetro by 1,062.2% in the 3rd quarter. Sterling Capital Management LLC now owns 4,091 shares of the company's stock valued at $36,000 after buying an additional 3,739 shares during the last quarter. Institutional investors and hedge funds 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.