Zacks Research Decreases Earnings Estimates for ProPetro

Key Points

• Zacks Research has lowered its FY2025 earnings per share estimate for ProPetro to ($0.03), down from a previous estimate of ($0.01).
• ProPetro reported a quarterly earnings miss, posting ($0.07) EPS against a consensus estimate of $0.03, with revenue also falling short of forecasts.
• JPMorgan and Piper Sandler both set a $7.00 target price on ProPetro and gave the company a "neutral" rating, reflecting a cautious outlook from several financial analysts.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Analysts at Zacks Research decreased their FY2025 EPS estimates for shares of ProPetro in a report issued on Tuesday, July 29th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of ($0.03) per share for the year, down from their previous forecast of ($0.01). The consensus estimate for ProPetro's current full-year earnings is $0.25 per share. Zacks Research also issued estimates for ProPetro's Q3 2026 earnings at $0.01 EPS, Q4 2026 earnings at $0.01 EPS and FY2026 earnings at ($0.02) EPS.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). The company had revenue of $326.15 million during the quarter, compared to analysts' expectations of $331.26 million. ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%. ProPetro's revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS.

Several other equities research analysts have also commented on the stock. Piper Sandler initiated coverage on shares of ProPetro in a report on Monday, July 14th. They issued a "neutral" rating and a $7.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, Stifel Nicolaus set a $10.00 target price on shares of ProPetro and gave the stock a "buy" rating in a report on Wednesday, July 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.00.

ProPetro Price Performance

NYSE PUMP traded down $0.23 on Thursday, hitting $4.85. The company had a trading volume of 738,821 shares, compared to its average volume of 1,786,583. The company has a market capitalization of $503.44 million, a PE ratio of -3.30 and a beta of 1.18. The company's fifty day moving average price is $6.04 and its 200-day moving average price is $6.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.42 and a quick ratio of 1.35. ProPetro has a 12-month low of $4.61 and a 12-month high of $11.17.

Institutional Investors Weigh In On ProPetro

A number of hedge funds have recently modified their holdings of PUMP. Nuveen LLC purchased a new stake in shares of ProPetro in the first quarter valued at about $11,757,000. Sourcerock Group LLC purchased a new position in ProPetro during the fourth quarter worth about $14,079,000. VR Advisory Services Ltd purchased a new position in ProPetro during the first quarter worth about $8,634,000. Pacer Advisors Inc. purchased a new position in ProPetro during the first quarter worth about $7,401,000. Finally, Philosophy Capital Management LLC boosted its stake in ProPetro by 23.2% during the first quarter. Philosophy Capital Management LLC now owns 2,820,887 shares of the company's stock worth $20,734,000 after buying an additional 531,751 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

About ProPetro

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.