ProPetro Holding Corp. (NYSE:PUMP – Free Report) – Stock analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of ProPetro in a research note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the company will earn ($0.08) per share for the year. Scotiabank currently has a “Sector Perform” rating and a $12.00 target price on the stock. The consensus estimate for ProPetro’s current full-year earnings is ($0.11) per share. Scotiabank also issued estimates for ProPetro’s FY2027 earnings at ($0.02) EPS.
ProPetro (NYSE:PUMP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The company had revenue of $305.81 million during the quarter, compared to analysts’ expectations of $304.48 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis.
Check Out Our Latest Research Report on ProPetro
ProPetro Price Performance
Shares of NYSE PUMP opened at $8.99 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of -81.75 and a beta of 0.87. ProPetro has a twelve month low of $4.87 and a twelve month high of $18.50. The stock has a 50 day moving average of $10.91 and a two-hundred day moving average of $13.48. The company has a current ratio of 4.09, a quick ratio of 4.00 and a debt-to-equity ratio of 0.80.
Institutional Investors Weigh In On ProPetro
A number of institutional investors have recently added to or reduced their stakes in PUMP. ProShare Advisors LLC increased its position in ProPetro by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 14,643 shares of the company’s stock valued at $139,000 after buying an additional 944 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of ProPetro by 6.3% in the first quarter. Lazard Asset Management LLC now owns 54,637 shares of the company’s stock worth $787,000 after acquiring an additional 3,219 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in ProPetro by 41.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 17,237 shares of the company’s stock valued at $248,000 after purchasing an additional 5,092 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in ProPetro during the 2nd quarter valued at $74,000. Finally, State of Wyoming purchased a new stake in shares of ProPetro during the first quarter valued at $83,000. 84.70% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, COO Adam Muñoz sold 70,696 shares of ProPetro stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total value of $789,674.32. Following the transaction, the chief operating officer directly owned 148,691 shares of the company’s stock, valued at $1,660,878.47. This trade represents a 32.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director G Lawrence sold 35,831 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director directly owned 28,181 shares in the company, valued at $314,499.96. The trade was a 55.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is currently owned by corporate insiders.
About ProPetro
ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies. Through its operating subsidiaries, the company primarily supports the development of unconventional oil and natural gas wells.
ProPetro’s services include hydraulic fracturing, well stimulation, wireline services and related completion activities. Its hydraulic fracturing operations use fleets of high-pressure pumping equipment to help operators complete wells, while its wireline business supports well intervention, evaluation and perforating activities.
Headquartered in Midland, Texas, ProPetro primarily serves customers operating in the Permian Basin of West Texas and southeastern New Mexico, one of the largest U.S.
Featured Articles
- Five stocks we like better than ProPetro
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for ProPetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProPetro and related companies with MarketBeat.com's FREE daily email newsletter.
