What is Zacks Research’s Estimate for ProPetro Q2 Earnings?

ProPetro Holding Corp. (NYSE:PUMP) – Equities researchers at Zacks Research lifted their Q2 2027 earnings estimates for ProPetro in a research report issued on Wednesday, August 19th. Zacks Research analyst Team now expects that the company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for ProPetro’s current full-year earnings is ($0.06) per share. Zacks Research also issued estimates for ProPetro’s Q1 2028 earnings at $0.16 EPS and FY2028 earnings at $1.06 EPS.

Other research analysts have also issued reports about the stock. Piper Sandler decreased their price target on shares of ProPetro from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Stifel Nicolaus cut their price objective on ProPetro from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProPetro in a research note on Friday, July 31st. Citigroup reduced their price objective on ProPetro from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Barclays lowered their target price on shares of ProPetro from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

ProPetro Stock Down 4.1%

PUMP stock opened at $11.88 on Thursday. The stock has a market capitalization of $1.46 billion, a P/E ratio of -107.95 and a beta of 0.77. The firm has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $13.77. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80. ProPetro has a 52 week low of $4.51 and a 52 week high of $18.50.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $305.81 million for the quarter, compared to analyst estimates of $304.48 million. ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%.The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after acquiring an additional 2,230 shares during the last quarter. Millennium Management LLC lifted its stake in shares of ProPetro by 44.6% in the 1st quarter. Millennium Management LLC now owns 735,731 shares of the company’s stock valued at $5,408,000 after purchasing an additional 226,914 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of ProPetro by 16,264.8% during the 1st quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock worth $198,000 after purchasing an additional 26,837 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of ProPetro by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 609,935 shares of the company’s stock worth $4,483,000 after purchasing an additional 21,519 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of ProPetro during the 1st quarter worth about $272,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ProPetro news, Director G Larry Lawrence sold 35,831 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the completion of the sale, the director directly owned 28,181 shares in the company, valued at $314,499.96. This represents a 55.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Adam Munoz sold 70,696 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total value of $789,674.32. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.55% 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.