What is Zacks Research's Estimate for ProPetro Q3 Earnings?

Key Points

• Zacks Research cut ProPetro’s Q3 2027 earnings estimate to $0.04 per share from $0.05. Analysts currently expect full-year earnings of negative $0.11 per share.
• ProPetro’s latest quarter came in below expectations, with an EPS loss of $0.07 versus the $0.01 loss consensus, while revenue reached $305.81 million and declined 6.3% year over year.
• Despite mixed analyst views, ProPetro has a “Moderate Buy” consensus rating and a $15.78 average price target, compared with its reported share price of $10.54.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Stock analysts at Zacks Research lowered their Q3 2027 earnings estimates for shares of ProPetro in a report issued on Friday, September 18th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for ProPetro's current full-year earnings is ($0.11) per share.

Other equities research analysts also recently issued research reports about the company. Odeon Capital Group initiated coverage on ProPetro in a report on Thursday, May 28th. They set a "buy" rating for the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $16.00 price target on shares of ProPetro in a research report on Wednesday, June 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of ProPetro in a research note on Friday, July 31st. Wall Street Zen downgraded shares of ProPetro from a "hold" rating to a "sell" rating in a report on Saturday, August 29th. Finally, Barclays dropped their price objective on shares of ProPetro from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $15.78.

ProPetro Stock Up 0.5%

PUMP stock opened at $10.54 on Monday. The stock's 50 day simple moving average is $11.57 and its 200 day simple moving average is $13.70. The company has a market cap of $1.29 billion, a P/E ratio of -95.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.00 and a current ratio of 4.09. ProPetro has a fifty-two week low of $4.73 and a fifty-two week high of $18.50.

ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.07) earnings per share 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 analyst estimates of $304.48 million. ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. ProPetro's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS.

Insider Activity at ProPetro

In related news, Director G Lawrence sold 35,831 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total transaction of $399,873.96. Following the completion of the sale, the director owned 28,181 shares in the company, valued at approximately $314,499.96. This represents a 55.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Adam Muñoz sold 70,696 shares of the stock in a transaction 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 completion of the sale, the chief operating officer directly owned 148,691 shares of the company's stock, valued at $1,660,878.47. The trade was a 32.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PUMP. BlackRock Inc. purchased a new position in ProPetro in the second quarter worth $130,574,000. Cooper Creek Partners Management LLC purchased a new stake in shares of ProPetro during the 1st quarter valued at $42,748,000. Wellington Management Group LLP raised its stake in shares of ProPetro by 882.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,290,361 shares of the company's stock worth $32,844,000 after purchasing an additional 2,057,195 shares during the period. Fund 1 Investments LLC raised its stake in shares of ProPetro by 2,653.6% during the 2nd quarter. Fund 1 Investments LLC now owns 1,793,882 shares of the company's stock worth $25,724,000 after purchasing an additional 1,728,736 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in shares of ProPetro in the 2nd quarter worth about $20,316,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

ProPetro Company Profile

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies developing unconventional oil and natural gas wells. The company primarily serves customers in the Permian Basin, including the Midland and Delaware basins of West Texas and southeastern New Mexico.

Its principal services include hydraulic fracturing, which uses high-pressure fluid to stimulate wells, as well as wireline services used for well evaluation, perforating and other completion activities.

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