Scotiabank Has Positive Outlook for ProPetro FY2026 Earnings

ProPetro Holding Corp. (NYSE:PUMP) – Equities researchers at Scotiabank increased their FY2026 earnings per share (EPS) estimates for ProPetro in a research report issued on Monday, November 2nd. Scotiabank analyst I. Rapp now expects that the company will post earnings per share of $0.07 for the year, up from their prior forecast of ($0.08). Scotiabank has a “Sector Perform” rating and a $16.00 price objective on the stock. The consensus estimate for ProPetro’s current full-year earnings is ($0.08) per share. Scotiabank also issued estimates for ProPetro’s FY2027 earnings at $0.18 EPS.

ProPetro (NYSE:PUMP) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.10. ProPetro had a return on equity of 0.21% and a net margin of 0.16%. The firm had revenue of $355.38 million for the quarter, compared to analyst estimates of $320.44 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis.

Several other analysts have also issued reports on the stock. Weiss Ratings raised shares of ProPetro from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Monday. Wall Street Zen raised shares of ProPetro from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Barclays lowered their price objective on shares of ProPetro from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Citigroup dropped their target price on shares of ProPetro from $14.50 to $12.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus cut their target price on shares of ProPetro from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

ProPetro Stock Performance

NYSE PUMP opened at $5.97 on Friday. ProPetro has a 12 month low of $5.95 and a 12 month high of $18.50. The stock has a 50 day moving average of $9.25 and a 200-day moving average of $12.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.49 and a quick ratio of 3.41.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PUMP. BlackRock Inc. acquired a new stake in ProPetro during the 2nd quarter valued at $130,574,000. Dimensional Fund Advisors LP increased its holdings in shares of ProPetro by 14.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company’s stock valued at $93,408,000 after purchasing an additional 831,823 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of ProPetro by 10.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,449,379 shares of the company’s stock valued at $49,706,000 after purchasing an additional 316,022 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of ProPetro in the first quarter valued at about $42,748,000. Finally, Wellington Management Group LLP raised its position in shares of ProPetro by 882.3% in the second quarter. Wellington Management Group LLP now owns 2,290,361 shares of the company’s stock valued at $32,844,000 after purchasing an additional 2,057,195 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

About ProPetro

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to oil and natural gas exploration and production companies. Its primary offerings include hydraulic fracturing, well stimulation and wireline services used to prepare newly drilled wells for production and support ongoing well operations.

The company operates primarily in the Permian Basin, serving customers in the West Texas and southeastern New Mexico region. ProPetro’s services are focused on unconventional shale and tight-rock wells, where specialized pumping, pressure-control and downhole technologies are used to improve hydrocarbon recovery.

ProPetro was founded in 2007 and is headquartered in Midland, Texas.