Atb Cap Markets Weighs in on ProPetro Holding Corp.’s Q2 2024 Earnings (NYSE:PUMP)

ProPetro Holding Corp. (NYSE:PUMP) – Equities research analysts at Atb Cap Markets upped their Q2 2024 earnings per share estimates for ProPetro in a report released on Wednesday, May 1st. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.10. The consensus estimate for ProPetro’s current full-year earnings is $0.48 per share. Atb Cap Markets also issued estimates for ProPetro’s Q3 2024 earnings at $0.17 EPS, Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.22 EPS and FY2026 earnings at $1.00 EPS.

A number of other brokerages also recently weighed in on PUMP. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a report on Thursday. TheStreet lowered ProPetro from a “b-” rating to a “c+” rating in a research note on Monday, January 8th.

ProPetro Stock Performance

Shares of NYSE:PUMP opened at $9.30 on Friday. ProPetro has a 1 year low of $6.33 and a 1 year high of $11.37. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 13.88 and a beta of 2.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.18 and a quick ratio of 1.08. The company’s 50 day simple moving average is $8.06 and its 200 day simple moving average is $8.51.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, May 1st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The firm had revenue of $405.84 million for the quarter, compared to analyst estimates of $393.11 million. During the same period last year, the firm earned $0.40 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year.

Institutional Trading of ProPetro

Large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of ProPetro by 47.1% during the fourth quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after purchasing an additional 2,542 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of ProPetro by 7.4% during the third quarter. Hsbc Holdings PLC now owns 31,415 shares of the company’s stock valued at $334,000 after purchasing an additional 2,172 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of ProPetro during the third quarter valued at about $314,000. Trexquant Investment LP boosted its stake in shares of ProPetro by 174.3% during the third 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. Finally, Natixis Advisors L.P. boosted its stake in shares of ProPetro by 28.2% during the third quarter. Natixis Advisors L.P. now owns 51,902 shares of the company’s stock valued at $552,000 after purchasing an additional 11,420 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

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.