What is Zacks Research's Forecast for ProPetro Q2 Earnings?

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Zacks Research upped their Q2 2026 EPS estimates for ProPetro in a research note issued on Wednesday, April 9th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.12. The consensus estimate for ProPetro's current full-year earnings is $0.25 per share.

Several other research analysts have also recently commented on the company. Barclays reduced their target price on ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Stifel Nicolaus raised their price objective on shares of ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Citigroup upped their target price on shares of ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Benchmark restated a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.75.

ProPetro Stock Performance

ProPetro stock traded up $0.21 during trading hours on Monday, hitting $5.40. The stock had a trading volume of 1,327,241 shares, compared to its average volume of 1,553,692. The company has a 50-day moving average of $7.10 and a two-hundred day moving average of $8.18. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. ProPetro has a fifty-two week low of $4.61 and a fifty-two week high of $11.17. The company has a market cap of $560.02 million, a PE ratio of -4.03 and a beta of 1.58.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PUMP. Integrated Advisors Network LLC bought a new position in ProPetro in the 1st quarter valued at $189,000. Wedge Capital Management L L P NC increased its stake in shares of ProPetro by 31.1% in the first quarter. Wedge Capital Management L L P NC now owns 148,363 shares of the company's stock valued at $1,090,000 after buying an additional 35,193 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ProPetro by 714.0% in the first quarter. GAMMA Investing LLC now owns 36,191 shares of the company's stock valued at $266,000 after buying an additional 31,745 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ProPetro by 16.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 228,835 shares of the company's stock worth $2,135,000 after buying an additional 32,710 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in ProPetro during the 4th quarter worth about $533,000. Institutional investors own 84.70% of the company's stock.

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.