Free Trial

What is Zacks Research's Forecast for ProPetro Q4 Earnings?

ProPetro logo with Oils/Energy background

ProPetro Holding Corp. (NYSE:PUMP - Free Report) - Analysts at Zacks Research issued their Q4 2024 earnings estimates for shares of ProPetro in a research report issued to clients and investors 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.

A number of other research analysts have also recently commented on PUMP. Barclays decreased their price target on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Citigroup lifted their target price on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Finally, Stifel Nicolaus dropped their price objective on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating for the company in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, ProPetro has an average rating of "Hold" and an average target price of $10.75.

Check Out Our Latest Research Report on PUMP

ProPetro Trading Up 2.4 %

Shares of PUMP stock traded up $0.26 during trading hours on Thursday, hitting $10.98. The company had a trading volume of 1,627,522 shares, compared to its average volume of 1,314,812. ProPetro has a fifty-two week low of $6.53 and a fifty-two week high of $11.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.20 and a quick ratio of 1.14. The company's fifty day moving average is $8.93 and its 200 day moving average is $8.37. The stock has a market capitalization of $1.13 billion, a PE ratio of -8.25 and a beta of 2.00.

Hedge Funds Weigh In On ProPetro

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of ProPetro by 84.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,221 shares of the company's stock valued at $25,000 after acquiring an additional 1,473 shares during the last quarter. Quarry LP acquired a new stake in ProPetro during the second quarter worth approximately $40,000. nVerses Capital LLC lifted its position in shares of ProPetro by 226.3% during the 3rd quarter. nVerses Capital LLC now owns 6,200 shares of the company's stock worth $47,000 after buying an additional 4,300 shares during the last quarter. CWM LLC boosted its holdings in shares of ProPetro by 17.2% in the 3rd 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. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ProPetro in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Activity

In other news, CFO David Scott Schorlemer acquired 4,500 shares of ProPetro stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $6.86 per share, for a total transaction of $30,870.00. Following the acquisition, the chief financial officer now owns 112,992 shares of the company's stock, valued at $775,125.12. This trade represents a 4.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.97% of the company's stock.

ProPetro Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for ProPetro (NYSE:PUMP)

Should You Invest $1,000 in ProPetro Right Now?

Before you consider ProPetro, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProPetro wasn't on the list.

While ProPetro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks
7 Stocks to Benefit From Trump’s Tariffs in 2025
Investing in Quantum Computing: Is Rigetti the Stock to Watch?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines