Shares of ProPetro Holding Corp. (NYSE:PUMP – Get Free Report) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.50.
PUMP has been the topic of several recent research reports. Piper Sandler reduced their target price on shares of ProPetro from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Odeon Capital Group assumed coverage on shares of ProPetro in a research report on Thursday, May 28th. They set a “buy” rating for the company. Barclays reduced their price objective on ProPetro from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Stifel Nicolaus decreased their price objective on ProPetro from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Friday, July 31st.
Check Out Our Latest Report on ProPetro
ProPetro Stock Performance
ProPetro (NYSE:PUMP – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $305.81 million for the quarter, compared to analysts’ expectations of $304.48 million. ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%.The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. On average, sell-side analysts predict that ProPetro will post -0.09 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, COO Adam Munoz sold 70,696 shares of ProPetro stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total value of $789,674.32. Following the transaction, the chief operating officer directly owned 148,691 shares of the company’s stock, valued at $1,660,878.47. The trade was a 32.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director G Larry Lawrence sold 35,831 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the sale, the director owned 28,181 shares of the company’s stock, valued at $314,499.96. This represents a 55.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.55% of the company’s stock.
Hedge Funds Weigh In On ProPetro
Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of ProPetro in the second quarter worth about $130,574,000. Valiant Capital Management L.P. purchased a new position in ProPetro during the 4th quarter valued at about $34,890,000. Sourcerock Group LLC raised its position in ProPetro by 66.4% during the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock valued at $50,198,000 after purchasing an additional 3,355,848 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in ProPetro during the 1st quarter valued at approximately $42,748,000. Finally, VR Advisory Services Ltd lifted its holdings in ProPetro by 213.2% in the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock worth $19,280,000 after buying an additional 2,504,634 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.
Key ProPetro News
Here are the key news stories impacting ProPetro this week:
- Positive Sentiment: Dual listing expands visibility: ProPetro announced plans for a dual listing on NYSE Texas in addition to its existing New York Stock Exchange listing. The move could improve the company’s visibility among investors and reinforce its Texas-based identity. ProPetro Announces Dual Listing on NYSE Texas
- Positive Sentiment: Long-term earnings outlook improved: Zacks Research raised its FY2028 EPS forecast to $1.06 from $1.01, while increasing its estimates for Q2 2027 to $0.05 from $0.04 and Q1 2028 to $0.16 from $0.15. These revisions suggest analysts see potential for a meaningful recovery in profitability beyond 2026.
- Neutral Sentiment: Current-year outlook remains weak: Zacks’ FY2026 forecast is now a loss of $0.06 per share, matching the broader consensus estimate. The company’s latest reported quarter also showed a $0.07 per-share loss, although revenue of $305.8 million was slightly above expectations.
- Negative Sentiment: Near-term estimates were cut: Zacks reduced its Q3 2026 EPS forecast to $0.01 from $0.02, Q4 2026 to $0.03 from $0.04, and Q3 2027 to $0.05 from $0.06. The revisions point to softer expected profitability in the next several reporting periods.
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.
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