What is Zacks Research’s Estimate for ProPetro Q1 Earnings?

ProPetro Holding Corp. (NYSE:PUMP – Free Report) – Analysts at Zacks Research dropped their Q1 2027 earnings estimates for ProPetro in a report released on Thursday, June 11th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for ProPetro’s current full-year earnings is ($0.08) per share.

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ProPetro (NYSE:PUMP – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. ProPetro had a negative net margin of 1.05% and a negative return on equity of 1.43%. The company had revenue of $270.69 million for the quarter, compared to analysts’ expectations of $277.49 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. ProPetro’s quarterly revenue was down 24.6% on a year-over-year basis.

Several other equities analysts have also recently issued reports on PUMP. Odeon Capital Group began coverage on shares of ProPetro in a research report on Thursday, May 28th. They set a “buy” rating on the stock. Bank of America began coverage on shares of ProPetro in a report on Monday, March 30th. They set a “buy” rating and a $18.00 target price on the stock. Piper Sandler boosted their target price on shares of ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, May 18th. The Goldman Sachs Group restated a “neutral” rating and set a $16.00 target price on shares of ProPetro in a report on Wednesday, June 3rd. Finally, Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $23.00 in a report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.63.

Read Our Latest Stock Analysis on PUMP

ProPetro Price Performance

Shares of NYSE PUMP opened at $14.78 on Friday. ProPetro has a 1 year low of $4.51 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57. The company’s 50-day moving average is $15.65 and its 200 day moving average is $12.81. The stock has a market capitalization of $1.81 billion, a P/E ratio of -134.34 and a beta of 0.70.

Institutional Trading of ProPetro

A number of hedge funds have recently modified their holdings of the business. Sourcerock Group LLC boosted its holdings in shares of ProPetro by 66.4% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in ProPetro by 14.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company’s stock worth $93,408,000 after purchasing an additional 831,823 shares in the last quarter. Philosophy Capital Management LLC boosted its stake in ProPetro by 14.8% in the 3rd quarter. Philosophy Capital Management LLC now owns 4,047,280 shares of the company’s stock worth $21,208,000 after purchasing an additional 520,327 shares in the last quarter. American Century Companies Inc. boosted its stake in ProPetro by 5.4% in the 3rd quarter. American Century Companies Inc. now owns 3,748,788 shares of the company’s stock worth $19,644,000 after purchasing an additional 192,638 shares in the last quarter. Finally, VR Advisory Services Ltd boosted its stake in ProPetro by 213.2% in the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock worth $19,280,000 after purchasing an additional 2,504,634 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

ProPetro Company Profile

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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.

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