Q4 Earnings Forecast for ProPetro Issued By Zacks Research

ProPetro Holding Corp. (NYSE:PUMP) – Research analysts at Zacks Research issued their Q4 2024 earnings per share (EPS) estimates for ProPetro in a report issued on Monday, January 13th. Zacks Research analyst N. Choudhury anticipates that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for ProPetro’s current full-year earnings is $0.27 per share. Zacks Research also issued estimates for ProPetro’s Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.33 EPS and Q4 2026 earnings at $0.11 EPS.

PUMP has been the topic of several other reports. Citigroup increased their target price on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. raised shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research note on Friday, December 6th. Finally, Barclays dropped their price target on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, ProPetro currently has an average rating of “Hold” and a consensus price target of $10.75.

ProPetro Trading Up 2.4 %

Shares of NYSE PUMP opened at $10.98 on Thursday. ProPetro has a 12-month low of $6.53 and a 12-month high of $11.07. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -8.25 and a beta of 2.00. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05. The stock’s 50 day simple moving average is $8.93 and its 200 day simple moving average is $8.37.

Insider Buying and Selling at ProPetro

In related news, CFO David Scott Schorlemer acquired 4,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $6.86 per share, for a total transaction of $30,870.00. Following the transaction, the chief financial officer now owns 112,992 shares of the company’s stock, valued at approximately $775,125.12. The trade was a 4.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ProPetro

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of ProPetro by 38.0% during the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after purchasing an additional 1,225 shares during the last quarter. CWM LLC lifted its stake in ProPetro by 17.2% during the third quarter. CWM LLC now owns 8,624 shares of the company’s stock valued at $66,000 after buying an additional 1,267 shares in the last quarter. Victory Capital Management Inc. lifted its stake in ProPetro by 1.8% during the second quarter. Victory Capital Management Inc. now owns 111,904 shares of the company’s stock valued at $970,000 after buying an additional 1,990 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of ProPetro by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 37,392 shares of the company’s stock worth $324,000 after buying an additional 2,257 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of ProPetro by 8.9% in the second quarter. Federated Hermes Inc. now owns 29,912 shares of the company’s stock worth $259,000 after acquiring an additional 2,446 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

About ProPetro

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.