ProPetro (NYSE:PUMP) Shares Down 4.2% – Here’s Why

ProPetro Holding Corp. (NYSE:PUMP)’s stock price fell 4.2% during mid-day trading on Monday . The stock traded as low as $10.06 and last traded at $10.0350. Approximately 232,346 shares changed hands during trading, a decline of 94% from the average session volume of 3,902,290 shares. The stock had previously closed at $10.48.

Key Stories Impacting ProPetro

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: ProPetro’s PROPWR business signed new contracts to supply approximately 230 megawatts of power to Targa Resources. The agreements could support longer-term revenue visibility and strengthen ProPetro’s position in power solutions for energy infrastructure. PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
• Neutral Sentiment: A financial-news commentary titled “3 Reasons to Sell PUMP and 1 Stock to Buy Instead” adds to the negative narrative around the shares, but it represents an opinion rather than a new company announcement or formal analyst action. 3 Reasons to Sell PUMP and 1 Stock to Buy Instead
• Negative Sentiment: Zacks Research reduced its ProPetro EPS forecasts across several periods: FY2026 to a loss of $0.12 from a loss of $0.10, FY2027 to $0.20 from $0.23, and FY2028 to $0.64 from $1.08. It also lowered Q4 2026 EPS to $0.02 from $0.04 and cut Q1 2028 to a $0.02 loss from $0.16 profit, signaling weaker expected profitability and contributing to pressure on PUMP. ProPetro Holding analyst estimates
• Negative Sentiment: ProPetro announced the resignation of Chief Accounting Officer Robert K. McKee, effective September 16, 2026. The departure may raise near-term concerns about financial-reporting continuity and management stability until a successor is appointed. ProPetro Holding Announces Chief Accounting Officer Resignation

Analysts Set New Price Targets

Several research firms have weighed in on PUMP. Weiss Ratings restated a “sell (d-)” rating on shares of ProPetro in a research note on Friday, July 31st. Wall Street Zen lowered shares of ProPetro from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 target price on shares of ProPetro in a research note on Wednesday, June 3rd. Piper Sandler decreased their price target on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Finally, Stifel Nicolaus dropped their price objective on shares of ProPetro from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.78.

ProPetro Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 4.09 and a quick ratio of 4.00. The business has a 50-day moving average of $11.44 and a 200-day moving average of $13.67. The company has a market capitalization of $1.23 billion, a P/E ratio of -91.14 and a beta of 0.77.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $305.81 million for the quarter, compared to the consensus estimate of $304.48 million. ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. On average, sell-side analysts anticipate that ProPetro Holding Corp. will post -0.11 EPS for the current year.

Insider Transactions at ProPetro

In other news, Director G Lawrence sold 35,831 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director owned 28,181 shares of the company’s stock, valued at approximately $314,499.96. This represents a 55.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Adam Muñoz sold 70,696 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total value of $789,674.32. Following the completion of the sale, the chief operating officer owned 148,691 shares in the company, valued at approximately $1,660,878.47. The trade was a 32.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On ProPetro

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of ProPetro in the second quarter worth about $130,574,000. Dimensional Fund Advisors LP grew its position in shares of ProPetro by 14.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,481,970 shares of the company’s stock worth $93,408,000 after buying an additional 831,823 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of ProPetro by 10.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,449,379 shares of the company’s stock worth $49,706,000 after buying an additional 316,022 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new position in shares of ProPetro during the first quarter valued at $42,748,000. Finally, Wellington Management Group LLP increased its stake in shares of ProPetro by 882.3% during the second quarter. Wellington Management Group LLP now owns 2,290,361 shares of the company’s stock valued at $32,844,000 after buying an additional 2,057,195 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

About ProPetro

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to exploration and production companies developing unconventional oil and natural gas wells. The company primarily serves customers in the Permian Basin, including the Midland and Delaware basins of West Texas and southeastern New Mexico.

Its principal services include hydraulic fracturing, which uses high-pressure fluid to stimulate wells, as well as wireline services used for well evaluation, perforating and other completion activities.