Equities Analysts Set Expectations for ProPetro Q1 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Analysts at Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for ProPetro in a research note issued on Thursday, January 8th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.18. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, October 29th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.09. The firm had revenue of $293.92 million for the quarter, compared to analyst estimates of $266.25 million. ProPetro had a negative return on equity of 0.06% and a negative net margin of 1.31%.The company’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.32) earnings per share.

Several other brokerages also recently commented on PUMP. Piper Sandler raised shares of ProPetro from a “neutral” rating to an “overweight” rating and set a $16.00 target price for the company in a research note on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Barclays restated a “neutral” rating on shares of ProPetro in a research report on Wednesday, December 17th. Citigroup lifted their target price on ProPetro from $6.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Wolfe Research raised ProPetro to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ProPetro currently has a consensus rating of “Hold” and a consensus target price of $12.50.

ProPetro Stock Performance

Shares of NYSE:PUMP opened at $10.09 on Monday. The firm’s 50 day simple moving average is $9.86 and its 200 day simple moving average is $7.17. ProPetro has a fifty-two week low of $4.51 and a fifty-two week high of $11.66. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -59.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.19.

Hedge Funds Weigh In On ProPetro

A number of hedge funds and other institutional investors have recently bought and sold shares of PUMP. Sourcerock Group LLC increased its position in ProPetro by 66.4% during the second quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock worth $50,198,000 after buying an additional 3,355,848 shares during the last quarter. VR Advisory Services Ltd boosted its stake in shares of ProPetro by 213.2% during the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock worth $19,280,000 after acquiring an additional 2,504,634 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of ProPetro by 209.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock worth $14,170,000 after acquiring an additional 1,830,399 shares during the period. Millennium Management LLC increased its holdings in shares of ProPetro by 382.7% during the 3rd quarter. Millennium Management LLC now owns 2,215,896 shares of the company’s stock worth $11,611,000 after acquiring an additional 1,756,812 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ProPetro by 103.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,648,055 shares of the company’s stock valued at $8,636,000 after acquiring an additional 837,776 shares during the period. Institutional investors own 84.70% of the company’s stock.

Insider Activity

In other ProPetro news, Director G Larry Lawrence sold 27,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $10.84, for a total transaction of $292,680.00. Following the completion of the transaction, the director owned 35,831 shares of the company’s stock, valued at $388,408.04. This represents a 42.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michele Vion sold 6,916 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $10.64, for a total transaction of $73,586.24. Following the transaction, the director directly owned 45,029 shares of the company’s stock, valued at $479,108.56. This represents a 13.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.60% of the stock is owned by corporate insiders.

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.