What is Zacks Research's Estimate for ProPetro Q2 Earnings?

Key Points

• Zacks Research lowered ProPetro’s Q2 2028 EPS estimate to $0.06 from $0.11. The firm projects Q3 2028 EPS of $0.32 and full-year 2028 EPS of $0.51.
• Analyst sentiment remains generally positive, with eight Buy ratings, three Holds and one Sell; the stock carries a “Moderate Buy” consensus and an average price target of $15.05.
• ProPetro shares opened at $7.20 after declining 5.9%, while the company’s latest quarterly results showed a $0.07-per-share loss that missed estimates despite revenue slightly exceeding expectations.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Analysts at Zacks Research dropped their Q2 2028 earnings per share (EPS) estimates for shares of ProPetro in a research note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.11. The consensus estimate for ProPetro's current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for ProPetro's Q3 2028 earnings at $0.32 EPS and FY2028 earnings at $0.51 EPS.

A number of other research firms have also recently weighed in on PUMP. Weiss Ratings cut shares of ProPetro from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, September 29th. Scotiabank began coverage on shares of ProPetro in a research report on Tuesday, September 29th. They issued a "sector perform" rating and a $12.00 price objective on the stock. Citigroup reduced their target price on shares of ProPetro from $16.00 to $14.50 and set a "buy" rating for the company in a research note on Friday, October 2nd. Piper Sandler reduced their target price on shares of ProPetro from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, August 27th. Finally, Morgan Stanley decreased their target price on shares of ProPetro from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.05.

ProPetro Trading Down 5.9%

Shares of PUMP opened at $7.20 on Friday. ProPetro has a 1 year low of $5.96 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.09 and a quick ratio of 4.00. The firm has a fifty day moving average of $10.12 and a 200-day moving average of $12.85.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share.

Insider Buying and Selling at ProPetro

In other ProPetro news, COO Adam Muñoz sold 70,696 shares of the business's stock in a transaction on 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 owned 148,691 shares in the company, valued at approximately $1,660,878.47. The trade was a 32.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director G Lawrence sold 35,831 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the completion of the transaction, the director directly owned 28,181 shares of the company's stock, 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. 1.55% of the stock is owned by insiders.

Institutional Investors Weigh In On ProPetro

Institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position 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 in the last quarter. Inspire Investing LLC increased its stake in ProPetro by 53.0% during the 3rd quarter. Inspire Investing LLC now owns 72,075 shares of the company's stock valued at $637,000 after buying an additional 24,968 shares during the period. Pension & Wealth Management Advisors Inc. raised its position in shares of ProPetro by 96.5% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 16,621 shares of the company's stock worth $147,000 after buying an additional 8,161 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of ProPetro by 182.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,684,710 shares of the company's stock worth $32,573,000 after buying an additional 2,380,655 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of ProPetro by 44.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,359 shares of the company's stock worth $47,000 after buying an additional 1,653 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

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.

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