FY2027 EPS Estimates for ProPetro Boosted by Zacks Research

ProPetro Holding Corp. (NYSE:PUMP) – Equities research analysts at Zacks Research raised their FY2027 earnings per share (EPS) estimates for ProPetro in a report issued on Wednesday, September 24th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.38 for the year, up from their previous forecast of $0.36. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share.

ProPetro (NYSE:PUMP) last issued its quarterly earnings results 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). ProPetro had a negative net margin of 11.10% and a positive return on equity of 1.84%. The company had revenue of $326.15 million for the quarter, compared to the consensus estimate of $331.26 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. ProPetro’s revenue was down 9.2% compared to the same quarter last year.

Several other equities analysts also recently weighed in on the company. Citigroup reduced their price target on ProPetro from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, September 9th. Piper Sandler reduced their price target on ProPetro from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Finally, Stifel Nicolaus set a $10.00 price objective on ProPetro and gave the company a “buy” rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.80.

ProPetro Price Performance

Shares of NYSE:PUMP opened at $5.26 on Thursday. ProPetro has a 1-year low of $4.51 and a 1-year high of $11.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.42 and a quick ratio of 1.35. The business has a fifty day moving average price of $5.07 and a 200-day moving average price of $5.69. The company has a market capitalization of $546.88 million, a PE ratio of -3.58 and a beta of 1.13.

Institutional Investors Weigh In On ProPetro

Several institutional investors have recently modified their holdings of PUMP. Millennium Management LLC boosted its position in ProPetro by 359.2% in the fourth quarter. Millennium Management LLC now owns 508,817 shares of the company’s stock worth $4,747,000 after purchasing an additional 398,021 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in ProPetro by 57.8% in the first quarter. New Age Alpha Advisors LLC now owns 172,403 shares of the company’s stock worth $1,267,000 after purchasing an additional 63,120 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in ProPetro in the first quarter worth about $89,000. Principal Financial Group Inc. boosted its position in ProPetro by 2.7% in the first quarter. Principal Financial Group Inc. now owns 395,202 shares of the company’s stock worth $2,905,000 after purchasing an additional 10,434 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in ProPetro by 47.5% in the fourth quarter. Deutsche Bank AG now owns 81,611 shares of the company’s stock worth $761,000 after purchasing an additional 26,299 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.