Analysts Offer Predictions for ProPetro FY2028 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Zacks Research issued their FY2028 earnings estimates for shares of ProPetro in a report issued on Wednesday, March 4th. Zacks Research analyst Team anticipates that the company will earn $1.27 per share for the year. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The company had revenue of $289.68 million during the quarter, compared to the consensus estimate of $279.90 million. During the same period in the previous year, the firm posted ($0.17) earnings per share. The company’s revenue was down 9.6% on a year-over-year basis.

A number of other research firms also recently weighed in on PUMP. Wolfe Research upgraded ProPetro to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, December 10th. Piper Sandler lifted their price objective on ProPetro from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Barclays boosted their price objective on ProPetro from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised shares of ProPetro from a “neutral” rating to an “overweight” rating and raised their target price for the company from $7.00 to $13.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.83.

ProPetro Stock Down 1.4%

NYSE:PUMP opened at $12.42 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 1,242.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. The stock’s fifty day moving average price is $10.95 and its two-hundred day moving average price is $8.66. ProPetro has a 52-week low of $4.51 and a 52-week high of $13.25.

Institutional Investors Weigh In On ProPetro

A number of institutional investors have recently made changes to their positions in PUMP. Sourcerock Group LLC lifted its stake in ProPetro by 66.4% in the second quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock valued at $50,198,000 after buying an additional 3,355,848 shares during the period. Philosophy Capital Management LLC grew its position in shares of ProPetro by 14.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company’s stock worth $21,208,000 after buying an additional 520,327 shares during the period. American Century Companies Inc. grew its position in shares of ProPetro by 5.4% during the 3rd quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock worth $19,644,000 after buying an additional 192,638 shares during the period. VR Advisory Services Ltd increased its stake in shares of ProPetro by 213.2% in the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock valued at $19,280,000 after acquiring an additional 2,504,634 shares during the last quarter. Finally, Valiant Capital Management L.P. bought a new stake in shares of ProPetro in the 4th quarter valued at about $34,890,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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.