Zacks Research Has Pessimistic View of ProPetro Q1 Earnings

ProPetro Holding Corp. (NYSE:PUMPFree Report) – Equities research analysts at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for ProPetro in a report released on Wednesday, June 18th. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.03. The consensus estimate for ProPetro’s current full-year earnings is $0.25 per share. Zacks Research also issued estimates for ProPetro’s FY2026 earnings at $0.05 EPS, Q1 2027 earnings at $0.21 EPS and FY2027 earnings at $0.34 EPS.

ProPetro (NYSE:PUMPGet Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. ProPetro had a positive return on equity of 2.16% and a negative net margin of 10.60%. The firm had revenue of $359.42 million for the quarter, compared to analyst estimates of $344.36 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was down 11.4% on a year-over-year basis.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus dropped their target price on ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Barclays decreased their price target on ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on ProPetro from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, ProPetro presently has a consensus rating of “Hold” and an average price target of $9.75.

Check Out Our Latest Stock Report on PUMP

ProPetro Trading Down 1.4%

NYSE PUMP opened at $6.56 on Thursday. The firm has a market cap of $681.13 million, a P/E ratio of -4.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.44 and a quick ratio of 1.39. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $7.49. ProPetro has a one year low of $4.61 and a one year high of $11.17.

Hedge Funds Weigh In On ProPetro

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in ProPetro by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 384,768 shares of the company’s stock worth $3,590,000 after acquiring an additional 6,099 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of ProPetro by 46.9% in the 4th quarter. New York State Common Retirement Fund now owns 23,498 shares of the company’s stock valued at $219,000 after buying an additional 7,502 shares during the last quarter. Ieq Capital LLC grew its position in shares of ProPetro by 13.0% in the 4th quarter. Ieq Capital LLC now owns 13,604 shares of the company’s stock valued at $127,000 after buying an additional 1,564 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of ProPetro in the 4th quarter valued at about $175,000. Finally, Smartleaf Asset Management LLC grew its position in shares of ProPetro by 205.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company’s stock valued at $28,000 after buying an additional 2,005 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

ProPetro Company Profile

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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.

See Also

Earnings History and Estimates for ProPetro (NYSE:PUMP)

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