ProPetro Holding

PUMP · NYSE

$7.63−$0.17 (−2.18%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $7.80

PUMP analyst rating

BuyConsensus of 9 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy6
Hold3
Underperform0
Sell0

12-month price target · 15 analysts

Average $16.19 (+112.2% upside)

Low: $11.11
Now: $7.63
High: $22.05

Upgrades and downgrades

The latest rating actions, newest first

PUMP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 15, 2026	Maintains	Overweight	$18.00 → $17.00	51%
Morgan Stanley	Oct 14, 2026	Maintains	Equal-Weight	$13.00 → $12.00	73%
Citigroup	Oct 2, 2026	Maintains	Buy	$16.00 → $14.50	48%
Scotiabank	Sep 29, 2026	Initiates	Sector Perform	$12.00	88%
Morgan Stanley	Sep 14, 2026	Initiates	Equal-Weight	$13.00	73%
Piper Sandler	Aug 27, 2026	Maintains	Overweight	$18.00 → $15.00	46%
Barclays	Aug 5, 2026	Maintains	Overweight	$23.00 → $18.00	51%
Citigroup	Aug 3, 2026	Maintains	Buy	$20.00 → $16.00	48%
Stifel	Aug 3, 2026	Maintains	Buy	$23.00 → $20.00	51%
Piper Sandler	Jul 30, 2026	Maintains	Overweight	$20.00 → $18.00	46%

The case for and against

Updated Aug 7, 2025

Bull case

ProPetro Holding Corp is poised for growth due to expected demand in the power generation sector, which is projected to increase by 30 gigawatts over the next decade, driving higher utilization and efficiency within its service offerings. The company's robust hydraulic fracturing fleet and expansion into power generation are anticipated to support stable pricing and profitability, particularly as industry consolidation and improved capital discipline among major U.S. operators contribute to a tighter market. Additionally, the forecast for flat results in 2025, followed by substantial growth in 2026, underlines ProPetro's capability to leverage existing relationships with key Permian operators while benefiting from favorable market conditions.

Bear case

The financial analysis of ProPetro Holding Corp reveals a concerning trend in the company's operational performance, particularly highlighted by a 17.5% sequential decline in annualized EBITDA per fleet for pressure pumping services, indicating significant pressure on profitability. The total adjusted EBITDA fell to $52.7 million, missing projections by 6.3% and reflecting a substantial 26.0% sequential decrease, alongside an 18.1% year-over-year dip, exacerbated by seasonal factors and extended downtime. Moreover, the company's revenue of $321 million, while matching forecasts, represented an 11.2% sequential decline and a 7.8% year-over-year drop, raising concerns regarding future growth prospects amid market pressures and potential oversupply in the Permian Basin.

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