Zacks Research Has Negative Outlook of ProPetro Q1 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Equities research analysts at Zacks Research decreased their Q1 2028 EPS estimates for ProPetro in a research report issued on Wednesday, April 22nd. Zacks Research analyst Team now expects that the company will earn $0.21 per share for the quarter, down from their prior estimate of $0.24. The consensus estimate for ProPetro’s current full-year earnings is ($0.12) per share.

ProPetro (NYSE:PUMP) last announced its earnings results on Wednesday, February 18th. The company reported $0.01 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $279.90 million. During the same period in the prior year, the business earned ($0.17) earnings per share. ProPetro’s quarterly revenue was down 9.6% on a year-over-year basis.

Several other brokerages have also weighed in on PUMP. Citigroup upgraded shares of ProPetro from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $16.00 in a report on Wednesday, April 15th. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a report on Monday, December 29th. Piper Sandler increased their price objective on shares of ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Barclays increased their price objective on shares of ProPetro from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, The Goldman Sachs Group began coverage on shares of ProPetro in a report on Friday, April 10th. They issued a “neutral” rating and a $15.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ProPetro has an average rating of “Moderate Buy” and an average target price of $14.50.

ProPetro Price Performance

Shares of PUMP stock opened at $16.81 on Thursday. ProPetro has a 1 year low of $4.51 and a 1 year high of $16.85. The firm’s 50 day moving average is $13.50 and its 200-day moving average is $10.85. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 1,680.50 and a beta of 0.62. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On ProPetro

Several large investors have recently made changes to their positions in the stock. Sourcerock Group LLC increased its position in shares of 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 acquiring an additional 3,355,848 shares in the last quarter. Philosophy Capital Management LLC increased its position in shares of ProPetro by 14.8% during the third quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company’s stock worth $21,208,000 after acquiring an additional 520,327 shares in the last quarter. American Century Companies Inc. increased its position in shares of ProPetro by 5.4% during the third quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock worth $19,644,000 after acquiring an additional 192,638 shares in the last quarter. VR Advisory Services Ltd increased its position in shares of ProPetro by 213.2% during the third 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 in the last quarter. Finally, Valiant Capital Management L.P. bought a new stake in shares of ProPetro during the fourth quarter worth $34,890,000. Institutional investors own 84.70% of the company’s stock.

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.