FY2027 EPS Estimates for ProPetro Raised by Zacks Research

Key Points

• Zacks Research has raised its FY2027 earnings per share (EPS) estimate for ProPetro to $0.40, up from a previous estimate of $0.38, while maintaining a "Strong Sell" rating on the stock.
• ProPetro's current consensus earnings estimate for the full year is $0.25 per share, indicating lower anticipated performance compared to the new EPS estimate for 2027.
• Despite recent upgrades by some brokerages, ProPetro's shares are currently trading down 2.5%, reflecting a challenging market environment for the company.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Zacks Research increased their FY2027 earnings per share (EPS) estimates for ProPetro in a research report issued on Thursday, October 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.40 per share for the year, up from their previous forecast of $0.38. Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for ProPetro's current full-year earnings is $0.25 per share.

Several other brokerages have also issued reports on PUMP. Barclays reaffirmed an "equal weight" rating and set a $5.00 price target (down previously from $6.00) on shares of ProPetro in a research note on Monday. Citigroup lifted their price objective on ProPetro from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $10.00 price objective on ProPetro and gave the stock a "buy" rating in a report on Wednesday, July 16th. Piper Sandler decreased their price objective on ProPetro from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of ProPetro in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $6.80.

ProPetro Trading Down 2.5%

Shares of PUMP stock opened at $5.13 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $5.01 and a two-hundred day moving average price of $5.50. ProPetro has a 12-month low of $4.51 and a 12-month high of $11.17. The firm has a market cap of $533.37 million, a P/E ratio of -3.49 and a beta of 1.00.

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

Institutional Trading of ProPetro

Several large investors have recently bought and sold shares of the company. Quarry LP bought a new position in ProPetro in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in ProPetro during the 1st quarter valued at $32,000. State of Wyoming purchased a new stake in shares of ProPetro in the 1st quarter worth $48,000. Raymond James Financial Inc. purchased a new stake in shares of ProPetro in the 2nd quarter worth $60,000. Finally, PharVision Advisers LLC purchased a new stake in shares of ProPetro in the 2nd quarter worth $60,000. 84.70% of the stock is owned by institutional investors.

ProPetro Company Profile

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.

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