ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Equities researchers at Zacks Research raised their Q1 2027 earnings per share estimates for ProPetro in a report released on Friday, September 4th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.04. The consensus estimate for ProPetro's current full-year earnings is ($0.09) per share. Zacks Research also issued estimates for ProPetro's Q2 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.05 EPS, FY2027 earnings at $0.23 EPS, Q2 2028 earnings at $0.22 EPS and FY2028 earnings at $1.08 EPS.
Other equities research analysts have also issued reports about the stock. Barclays reduced their price objective on shares of ProPetro from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. The Goldman Sachs Group restated a "neutral" rating and issued a $16.00 price target on shares of ProPetro in a research note on Wednesday, June 3rd. Citigroup decreased their price target on ProPetro from $20.00 to $16.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Odeon Capital Group initiated coverage on ProPetro in a research report on Thursday, May 28th. They set a "buy" rating for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of ProPetro in a research report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.12.
Check Out Our Latest Stock Report on PUMP
ProPetro Stock Up 0.2%
Shares of ProPetro stock opened at $11.49 on Monday. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80. ProPetro has a 52-week low of $4.52 and a 52-week high of $18.50. The company has a market capitalization of $1.41 billion, a P/E ratio of -104.45 and a beta of 0.77. The company has a 50 day moving average of $11.95 and a 200 day moving average of $13.74.
ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings data 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). ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The company had revenue of $305.81 million during the quarter, compared to analysts' expectations of $304.48 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The business's quarterly revenue was down 6.3% compared to the same quarter last year.
Insider Activity at ProPetro
In other news, Director G Lawrence sold 35,831 shares of ProPetro stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total value of $399,873.96. Following the sale, the director owned 28,181 shares of the company's stock, valued at $314,499.96. The trade was a 55.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adam Muñoz sold 70,696 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 in the company, valued at $1,660,878.47. The trade was a 32.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of ProPetro during the 4th quarter worth $56,000. Dark Forest Capital Management LP acquired a new stake in shares of ProPetro in the third quarter valued at about $57,000. Raymond James Financial Inc. acquired a new stake in shares of ProPetro in the second quarter valued at about $60,000. Tower Research Capital LLC TRC boosted its holdings in ProPetro by 70.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company's stock worth $64,000 after buying an additional 4,461 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in ProPetro during the second quarter worth about $74,000. Institutional investors and hedge funds own 84.70% of the company's stock.
ProPetro Company Profile
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Get Free Report)
ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients' development targets across unconventional plays.
The company's core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.
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