FY2027 EPS Estimates for ProPetro Raised by Zacks Research

ProPetro Holding Corp. (NYSE:PUMP) – Zacks Research upped their FY2027 earnings estimates for ProPetro in a report released on Thursday, October 16th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.40 for the year, up from their prior estimate of $0.38. 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The company had revenue of $326.15 million during the quarter, compared to analysts’ expectations of $331.26 million. ProPetro had a positive return on equity of 1.84% and a negative net margin of 11.10%.The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS.

A number of other research analysts have also recently issued reports on PUMP. Barclays reaffirmed an “equal weight” rating and issued a $5.00 price target (down previously from $6.00) on shares of ProPetro in a report on Monday, October 13th. Stifel Nicolaus set a $10.00 price target on shares of ProPetro and gave the stock a “buy” rating in a report on Wednesday, July 16th. Piper Sandler reduced their target price on shares of ProPetro from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Citigroup raised their target price on shares of ProPetro from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ProPetro in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ProPetro currently has an average rating of “Reduce” and a consensus price target of $6.80.

ProPetro Trading Up 8.6%

NYSE PUMP opened at $5.56 on Friday. The company has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $5.47. The stock has a market cap of $578.07 million, a P/E ratio of -3.78 and a beta of 1.00. ProPetro has a 12-month low of $4.51 and a 12-month high of $11.17. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07.

Institutional Trading of ProPetro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in ProPetro during the first quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in ProPetro during the first quarter valued at $32,000. State of Wyoming acquired a new stake in ProPetro during the first quarter valued at $48,000. Raymond James Financial Inc. acquired a new stake in ProPetro during the second quarter valued at $60,000. Finally, PharVision Advisers LLC acquired a new stake in ProPetro during the second quarter valued at $60,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.