Research Analysts Set Expectations for ProPetro Q1 Earnings

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

PUMP has been the topic of a number of other research reports. Citigroup upped their target price on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upgraded ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a research note on Friday, December 6th. Three 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 an average rating of “Hold” and an average target price of $10.75.

ProPetro Stock Down 1.0 %

PUMP stock opened at $8.70 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05. ProPetro has a 12 month low of $6.53 and a 12 month high of $11.17. The company has a 50-day moving average price of $9.49 and a 200 day moving average price of $8.52.

Hedge Funds Weigh In On ProPetro

A number of institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake 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 in the last quarter. American Century Companies Inc. increased its stake in shares of ProPetro by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,236,135 shares of the company’s stock valued at $30,193,000 after buying an additional 262,202 shares during the period. Van ECK Associates Corp raised its holdings in shares of ProPetro by 57.3% in the fourth quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock valued at $14,253,000 after acquiring an additional 556,747 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in ProPetro by 2.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,088,880 shares of the company’s stock worth $8,341,000 after acquiring an additional 28,660 shares during the period. Finally, Royce & Associates LP grew its holdings in ProPetro by 29.5% during the 4th quarter. Royce & Associates LP now owns 931,139 shares of the company’s stock worth $8,688,000 after acquiring an additional 212,312 shares in the last quarter. 84.70% of the stock is 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.