Zacks Research Has Negative Outlook for ProPetro Q3 Earnings

Key Points

• Zacks Research lowered ProPetro’s Q3 2026 EPS estimate to a loss of $0.04 from a projected profit of $0.01. It expects full-year 2026 EPS of negative $0.10.
• ProPetro recently reported a Q2 loss of $0.07 per share, missing estimates by $0.06, while revenue reached $305.81 million but declined 6.3% year over year.
• Despite mixed analyst views—including recent price-target cuts and a sell downgrade—the stock carries a consensus “Moderate Buy” rating with an average target price of $16.12, versus a recent price of $12.02.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Zacks Research dropped their Q3 2026 earnings per share estimates for ProPetro in a note issued to investors on Friday, September 4th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.04) for the quarter, down from their prior estimate of $0.01. The consensus estimate for ProPetro's current full-year earnings is ($0.09) per share. Zacks Research also issued estimates for ProPetro's Q4 2026 earnings at $0.04 EPS and FY2026 earnings at ($0.10) EPS.

ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.06). The firm had revenue of $305.81 million during 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%. The business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share.

PUMP has been the subject of a number of other reports. Citigroup decreased their price objective on ProPetro from $20.00 to $16.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Wall Street Zen downgraded ProPetro from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $16.00 price target on shares of ProPetro in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of ProPetro in a report on Friday, July 31st. Finally, Stifel Nicolaus cut their price objective on shares of ProPetro from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ProPetro has a consensus rating of "Moderate Buy" and an average target price of $16.12.

ProPetro Price Performance

Shares of PUMP stock opened at $12.02 on Wednesday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -109.25 and a beta of 0.77. ProPetro has a 12-month low of $4.52 and a 12-month high of $18.50. The firm has a fifty day moving average of $11.84 and a 200-day moving average of $13.74. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80.

Hedge Funds Weigh In On ProPetro

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of ProPetro during the 2nd quarter valued at $130,574,000. Sourcerock Group LLC raised its stake in ProPetro by 66.4% in the second quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company's stock valued at $50,198,000 after purchasing an additional 3,355,848 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in ProPetro by 14.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company's stock valued at $93,408,000 after purchasing an additional 831,823 shares in the last quarter. Philosophy Capital Management LLC lifted its position in ProPetro by 14.8% during the third quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company's stock worth $21,208,000 after purchasing an additional 520,327 shares during the period. Finally, VR Advisory Services Ltd grew its stake in ProPetro by 213.2% during the third quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company's stock worth $19,280,000 after buying an additional 2,504,634 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Insider Transactions at ProPetro

In other ProPetro news, Director G Lawrence sold 35,831 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director owned 28,181 shares in the company, valued at $314,499.96. This represents a 55.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Adam Muñoz sold 70,696 shares of ProPetro stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total transaction of $789,674.32. Following the completion of the sale, the chief operating officer owned 148,691 shares of the company's stock, valued at approximately $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 currently owned by company insiders.

About ProPetro

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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