Q4 Earnings Estimate for ProPetro Issued By Zacks Research

ProPetro Holding Corp. (NYSE:PUMP) – Analysts at Zacks Research issued their Q4 2024 EPS estimates for shares of ProPetro in a research note issued to investors on Monday, January 13th. Zacks Research analyst N. Choudhury expects 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 commented on PUMP. Barclays cut their price target on ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Stifel Nicolaus cut their target price on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Citigroup raised their price target on shares of ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.75.

ProPetro Stock Up 2.4 %

ProPetro stock opened at $10.74 on Thursday. The business’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $8.35. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05. ProPetro has a 52 week low of $6.53 and a 52 week high of $10.84.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PUMP. GAMMA Investing LLC boosted its position in ProPetro by 84.3% in the third quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock valued at $25,000 after buying an additional 1,473 shares in the last quarter. Quarry LP bought a new position in shares of ProPetro in the second quarter valued at approximately $40,000. nVerses Capital LLC boosted its holdings in shares of ProPetro by 226.3% in the 3rd quarter. nVerses Capital LLC now owns 6,200 shares of the company’s stock worth $47,000 after acquiring an additional 4,300 shares in the last quarter. CWM LLC grew its position in ProPetro by 17.2% during the 3rd quarter. CWM LLC now owns 8,624 shares of the company’s stock worth $66,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in ProPetro during the 3rd quarter valued at $77,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ProPetro

In related news, CFO David Scott Schorlemer acquired 4,500 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $6.86 per share, with a total value of $30,870.00. Following the completion of 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 is available through this hyperlink. Insiders own 0.97% 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.