Zacks Research Issues Positive Outlook for ProPetro Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for ProPetro in a research note issued to investors on Tuesday, February 11th. Zacks Research analyst N. Choudhury now expects that the company will earn $0.07 per share for the quarter, up from their prior estimate of $0.06. The consensus estimate for ProPetro’s current full-year earnings is $0.26 per share.

PUMP has been the subject of a number of other reports. 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 report on Friday, December 6th. Citigroup upped their price target on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.

ProPetro Trading Down 1.0 %

NYSE PUMP opened at $8.70 on Friday. The company has a 50-day moving average price of $9.49 and a 200-day moving average price of $8.52. ProPetro has a 52 week low of $6.53 and a 52 week high of $11.17. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On ProPetro

A number of hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in ProPetro by 95.4% in the third quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock worth $54,790,000 after purchasing an additional 3,491,723 shares during the last quarter. Van ECK Associates Corp lifted its position in ProPetro by 57.3% during the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock valued at $14,253,000 after purchasing an additional 556,747 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ProPetro in the 3rd quarter worth $3,525,000. Brandywine Global Investment Management LLC bought a new stake in shares of ProPetro in the 4th quarter worth about $2,937,000. Finally, Weiss Asset Management LP purchased a new stake in shares of ProPetro during the 3rd quarter valued at about $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.