Q1 2024 Earnings Forecast for ProPetro Holding Corp. Issued By Zacks Research (NYSE:PUMP)

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Stock analysts at Zacks Research lifted their Q1 2024 EPS estimates for shares of ProPetro in a research note issued to investors on Monday, April 1st. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.07 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for ProPetro's current full-year earnings is $0.48 per share. Zacks Research also issued estimates for ProPetro's Q4 2025 earnings at $0.30 EPS.

A number of other research firms also recently commented on PUMP. TheStreet downgraded ProPetro from a "b-" rating to a "c+" rating in a report on Monday, January 8th. Benchmark downgraded ProPetro from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th.

ProPetro Stock Up 7.1 %

ProPetro stock traded up $0.57 during mid-day trading on Wednesday, hitting $8.54. The company had a trading volume of 1,690,441 shares, compared to its average volume of 1,512,297. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $918.08 million, a price-to-earnings ratio of 11.53 and a beta of 2.13. The business has a fifty day moving average of $7.80 and a 200 day moving average of $8.73. ProPetro has a 1 year low of $6.33 and a 1 year high of $11.37.

ProPetro (NYSE:PUMP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.24). The company had revenue of $347.80 million during the quarter, compared to analysts' expectations of $351.50 million. ProPetro had a net margin of 5.25% and a return on equity of 10.26%. The firm's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share.

Institutional Trading of ProPetro

Several institutional investors and hedge funds have recently bought and sold shares of PUMP. Hsbc Holdings PLC raised its stake in ProPetro by 7.4% during the third quarter. Hsbc Holdings PLC now owns 31,415 shares of the company's stock worth $334,000 after buying an additional 2,172 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of ProPetro in the 3rd quarter worth about $314,000. Trexquant Investment LP increased its stake in ProPetro by 174.3% during the 3rd quarter. Trexquant Investment LP now owns 44,858 shares of the company's stock valued at $477,000 after purchasing an additional 28,507 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of ProPetro by 28.2% in the third quarter. Natixis Advisors L.P. now owns 51,902 shares of the company's stock worth $552,000 after buying an additional 11,420 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in ProPetro by 13.3% during the third quarter. American Century Companies Inc. now owns 1,387,406 shares of the company's stock valued at $14,748,000 after purchasing an additional 163,363 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

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.