Atb Cap Markets Has Strong Forecast for ProPetro Q2 Earnings

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Investment analysts at Atb Cap Markets lifted their Q2 2026 earnings per share estimates for ProPetro in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings of $0.22 per share for the quarter, up from their previous forecast of $0.21. The consensus estimate for ProPetro's current full-year earnings is $0.28 per share. Atb Cap Markets also issued estimates for ProPetro's FY2027 earnings at $0.85 EPS.

PUMP has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price target on the stock in a research note on Friday, December 6th. Citigroup cut their price target on ProPetro from $8.50 to $8.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Barclays decreased their price objective on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus reduced their target price on ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a report on Friday, October 11th. Three 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.com, the company currently has an average rating of "Hold" and an average price target of $10.25.

ProPetro Stock Performance

ProPetro stock traded down $0.25 during midday trading on Thursday, reaching $9.42. The stock had a trading volume of 3,173,111 shares, compared to its average volume of 1,455,111. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $969.60 million, a PE ratio of -7.13 and a beta of 2.07. ProPetro has a 12 month low of $6.53 and a 12 month high of $10.02. The firm's 50-day moving average price is $8.02 and its 200 day moving average price is $8.24.

Insider Buying and Selling at ProPetro

In related news, CFO David Scott Schorlemer acquired 4,500 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased 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 in the company, valued at $775,125.12. This represents a 4.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.88% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PUMP. Pacer Advisors Inc. bought a new stake in ProPetro during the second quarter worth about $31,741,000. Dana Investment Advisors Inc. purchased a new position in shares of ProPetro during the 2nd quarter valued at about $6,439,000. Point72 Asset Management L.P. bought a new stake in ProPetro in the 3rd quarter worth approximately $3,525,000. American Century Companies Inc. boosted its stake in ProPetro by 21.3% in the second quarter. American Century Companies Inc. now owns 2,515,579 shares of the company's stock worth $21,810,000 after buying an additional 441,644 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in ProPetro during the third quarter valued at approximately $2,292,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

ProPetro Company Profile

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.