Zacks Research Has Bearish Forecast for ProPetro Q1 Earnings

Key Points

• Zacks Research cut its Q1 2026 EPS estimate for ProPetro to ($0.12) from ($0.11) and projects earnings to recover over time, forecasting FY2028 EPS of $1.01, signaling a bearish near-term view but stronger longer-term expectations.
• Analyst sentiment is mixed—six Buys, three Holds and one Sell—but the consensus rating is a Moderate Buy with a consensus target price of $14.50, with price targets from $15 (Goldman) up to $18 (Bank of America).
• Shares opened at $16.81 with a $2.06 billion market cap and 84.7% institutional ownership; ProPetro recently beat EPS and revenue estimates for the quarter despite revenue declining 9.6% year-over-year.

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Equities researchers at Zacks Research dropped their Q1 2026 earnings per share (EPS) estimates for ProPetro in a research report issued to clients and investors on Wednesday, April 22nd. Zacks Research analyst Team now forecasts that the company will post earnings per share of ($0.12) for the quarter, down from their previous forecast of ($0.11). The consensus estimate for ProPetro's current full-year earnings is ($0.12) per share. Zacks Research also issued estimates for ProPetro's Q4 2026 earnings at $0.04 EPS, FY2026 earnings at ($0.12) EPS, Q3 2027 earnings at $0.07 EPS, Q4 2027 earnings at $0.08 EPS, FY2027 earnings at $0.37 EPS and FY2028 earnings at $1.01 EPS.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group assumed coverage on ProPetro in a research report on Friday, April 10th. They set a "neutral" rating and a $15.00 price objective for the company. Piper Sandler lifted their price objective on ProPetro from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, January 14th. Bank of America assumed coverage on ProPetro in a research report on Monday, March 30th. They set a "buy" rating and a $18.00 price objective for the company. Citigroup raised ProPetro from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $12.00 to $16.00 in a research report on Wednesday, April 15th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of ProPetro in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

ProPetro Stock Performance

Shares of ProPetro stock opened at $16.81 on Friday. The stock has a market cap of $2.06 billion, a PE ratio of 1,680.50 and a beta of 0.62. The business has a fifty day simple moving average of $13.50 and a 200-day simple moving average of $10.85. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. ProPetro has a 12 month low of $4.51 and a 12 month high of $16.85.

ProPetro (NYSE:PUMP - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. The business had revenue of $289.68 million during the quarter, compared to analysts' expectations of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.ProPetro's revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share.

Hedge Funds Weigh In On ProPetro

Institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in ProPetro during the fourth quarter valued at about $56,000. Trek Financial LLC bought a new position in ProPetro during the third quarter valued at about $57,000. Dark Forest Capital Management LP bought a new position in ProPetro during the third quarter valued at about $57,000. MQS Management LLC bought a new position in ProPetro during the third quarter valued at about $58,000. Finally, Raymond James Financial Inc. bought a new position in ProPetro during the second quarter valued at about $60,000. 84.70% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.