Zacks Research Has Negative View of ProPetro FY2026 Earnings

Key Points

• Zacks Research lowered its FY2026 earnings forecast for ProPetro to a loss of $0.12 per share from a projected loss of $0.10, below the consensus estimate of a $0.11 loss.
• ProPetro recently reported a quarterly loss of $0.07 per share, missing analyst expectations of a $0.01 loss, while revenue declined 6.3% year over year to $305.81 million.
• Despite mixed analyst views and recent insider selling, ProPetro holds a consensus “Moderate Buy” rating from analysts, with an average price target of $15.78 versus a recent share price of $10.18.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Research analysts at Zacks Research decreased their FY2026 earnings estimates for ProPetro in a note issued to investors on Friday, September 18th. Zacks Research analyst Team now forecasts that the company will post earnings of ($0.12) per share for the year, down from their prior estimate of ($0.10). The consensus estimate for ProPetro's current full-year earnings is ($0.11) per share. Zacks Research also issued estimates for ProPetro's Q4 2026 earnings at $0.02 EPS, FY2027 earnings at $0.20 EPS, Q1 2028 earnings at ($0.02) EPS, Q2 2028 earnings at $0.11 EPS and FY2028 earnings at $0.64 EPS.

PUMP has been the subject of several other reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $16.00 target price on shares of ProPetro in a report on Wednesday, June 3rd. Stifel Nicolaus dropped their price objective on shares of ProPetro from $23.00 to $20.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Wall Street Zen cut shares of ProPetro from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Barclays reduced their price target on shares of ProPetro from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Finally, Odeon Capital Group started coverage on ProPetro in a report on Thursday, May 28th. They issued a "buy" rating on the stock. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.78.

ProPetro Stock Performance

Shares of ProPetro stock opened at $10.18 on Tuesday. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $11.51 and a 200 day moving average price of $13.69. ProPetro has a 52 week low of $4.73 and a 52 week high of $18.50. The firm has a market capitalization of $1.25 billion, a P/E ratio of -92.55 and a beta of 0.77.

ProPetro (NYSE:PUMP - Get Free Report) last announced its earnings results 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 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%. ProPetro's revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) earnings per share.

Insider Buying and Selling

In related 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 value of $789,674.32. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Lawrence sold 35,831 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the transaction, the director directly owned 28,181 shares in the company, valued at approximately $314,499.96. The trade was a 55.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.55% of the company's stock.

Institutional Investors Weigh In On ProPetro

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in ProPetro in the 2nd quarter valued at approximately $130,574,000. Dimensional Fund Advisors LP boosted its holdings 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 during the period. Arrowstreet Capital Limited Partnership grew its stake in ProPetro by 10.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,449,379 shares of the company's stock worth $49,706,000 after purchasing an additional 316,022 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in ProPetro during the 1st quarter worth $42,748,000. Finally, Wellington Management Group LLP raised its holdings in ProPetro by 882.3% in the second quarter. Wellington Management Group LLP now owns 2,290,361 shares of the company's stock valued at $32,844,000 after acquiring an additional 2,057,195 shares in the last quarter. 84.70% of the stock is 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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