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

ProPetro Holding Corp. (NYSE:PUMP) – Research analysts at Zacks Research issued their Q4 2024 earnings estimates for shares of ProPetro in a note issued to investors on Monday, January 13th. Zacks Research analyst N. Choudhury anticipates that the company will earn ($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.

PUMP has been the topic of a number of other research reports. Stifel Nicolaus dropped their price objective on ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. upgraded 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. Citigroup raised their price objective on shares of ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Barclays lowered their price objective on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.75.

ProPetro Trading Up 2.4 %

Shares of NYSE:PUMP opened at $10.74 on Thursday. The stock’s 50 day moving average price is $8.87 and its 200 day moving average price is $8.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.20 and a quick ratio of 1.14. ProPetro has a 12 month low of $6.53 and a 12 month high of $10.84.

Institutional Inflows and Outflows

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

Insider Activity at ProPetro

In other news, CFO David Scott Schorlemer purchased 4,500 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $6.86 per share, for a total transaction of $30,870.00. Following the completion of the acquisition, the chief financial officer now directly owns 112,992 shares of the company’s stock, valued at $775,125.12. The trade was a 4.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by corporate insiders.

About ProPetro

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.