What is Zacks Research’s Estimate for ProPetro Q4 Earnings?

ProPetro Holding Corp. (NYSE:PUMP) – Stock analysts at Zacks Research issued their Q4 2024 EPS estimates for shares of ProPetro in a 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.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research note on Friday, December 6th. Citigroup lifted their price objective 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. Stifel Nicolaus decreased 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. Finally, Barclays lowered their price target on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, ProPetro currently has a consensus rating of “Hold” and a consensus target price of $10.75.

ProPetro Trading Up 2.4 %

NYSE:PUMP opened at $10.98 on Thursday. The business’s 50-day moving average is $8.93 and its two-hundred day moving average is $8.37. The firm has a market capitalization of $1.13 billion, a PE ratio of -8.25 and a beta of 2.00. ProPetro has a 12 month low of $6.53 and a 12 month 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.

Insiders Place Their Bets

In related news, CFO David Scott Schorlemer acquired 4,500 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was bought at an average cost of $6.86 per share, with a total value of $30,870.00. Following the acquisition, the chief financial officer now directly owns 112,992 shares in the company, valued at approximately $775,125.12. The trade was a 4.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On ProPetro

A number of institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new stake in ProPetro in the second quarter valued at about $31,741,000. Dana Investment Advisors Inc. acquired a new position in shares of ProPetro in the 2nd quarter worth approximately $6,439,000. Point72 Asset Management L.P. bought a new stake in shares of ProPetro in the 3rd quarter valued at approximately $3,525,000. American Century Companies Inc. raised its position in shares of ProPetro by 21.3% during the 2nd quarter. American Century Companies Inc. now owns 2,515,579 shares of the company’s stock valued at $21,810,000 after acquiring an additional 441,644 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in ProPetro during the third quarter worth $2,292,000. Institutional investors and hedge funds 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.