Zacks Research Has Pessimistic View of ProPetro Q1 Earnings

Key Points

• Zacks Research has downgraded its Q1 2027 earnings estimate for ProPetro from $0.22 to $0.21 per share and issued a "Strong Sell" rating on the stock.
• ProPetro's current full-year earnings estimate stands at $0.25 per share, with analysts predicting Q2 and Q3 2027 earnings of $0.05 EPS each.
• The company’s stock is currently trading at around $5.56, with target price estimates varying from $5.00 to $10.00 and a consensus rating of "Reduce."

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for ProPetro in a report issued on Thursday, October 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.22. 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. Zacks Research also issued estimates for ProPetro's Q2 2027 earnings at $0.05 EPS and Q3 2027 earnings at $0.05 EPS.

PUMP has been the subject of several other reports. Barclays reissued an "equal weight" rating and issued a $5.00 price objective (down from $6.00) on shares of ProPetro in a report on Monday, October 13th. Weiss Ratings restated a "sell (d)" rating on shares of ProPetro in a research note on Wednesday, October 8th. Citigroup lifted their target price on ProPetro from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. Piper Sandler decreased their target price on ProPetro from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Finally, Stifel Nicolaus set a $10.00 target price on ProPetro and gave the company a "buy" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $6.80.

ProPetro Stock Up 8.6%

Shares of ProPetro stock opened at $5.56 on Monday. 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 firm has a market cap of $578.07 million, a P/E ratio of -3.78 and a beta of 1.00. ProPetro has a fifty-two week low of $4.51 and a fifty-two week high of $11.17. The business has a 50-day moving average price of $5.03 and a 200 day moving average price of $5.47.

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

Hedge Funds Weigh In On ProPetro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC grew its holdings in ProPetro by 57.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 172,403 shares of the company's stock worth $1,267,000 after buying an additional 63,120 shares in the last quarter. Teacher Retirement System of Texas bought a new position in ProPetro in the 1st quarter worth approximately $89,000. Principal Financial Group Inc. grew its holdings in ProPetro by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 395,202 shares of the company's stock worth $2,905,000 after buying an additional 10,434 shares in the last quarter. GAMMA Investing LLC grew its holdings in ProPetro by 714.0% in the 1st quarter. GAMMA Investing LLC now owns 36,191 shares of the company's stock worth $266,000 after buying an additional 31,745 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in ProPetro by 14.0% in the 1st quarter. New York State Common Retirement Fund now owns 26,796 shares of the company's stock worth $197,000 after buying an additional 3,298 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

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.

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