ProPetro Holding Corp's stock fell by 5.58% as it crossed below the 5-day SMA, reflecting cautious market sentiment.
The company announced an upsized public offering of 15 million shares, increasing from the initially proposed 12.5 million shares, priced at $10.00 per share. The net proceeds will be used for general corporate purposes, including funding growth capital for additional power generation equipment, aimed at enhancing operational capacity. Goldman Sachs is the lead underwriter, indicating strong market confidence in ProPetro's future growth potential.
This offering reflects ProPetro's active engagement in capital markets, but the stock's decline suggests that investors are wary of dilution and the implications of the offering on future earnings.
Wall Street analysts forecast PUMP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PUMP is 14.40 USD with a low forecast of 11.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast PUMP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PUMP is 14.40 USD with a low forecast of 11.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 10.660
Low
11.00
Averages
14.40
High
20.00
Current: 10.660
Low
11.00
Averages
14.40
High
20.00
Barclays
Equal Weight
maintain
$10 -> $11
2025-12-17
Reason
Barclays
Price Target
$10 -> $11
AI Analysis
2025-12-17
maintain
Equal Weight
Reason
Barclays raised the firm's price target on ProPetro Holding to $11 from $10 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the energy services group as part of its 2026 outlook. Barclays' spending report shows the cycle plateau extending a third year, which keeps the firm neutral on the sector. However, it is optimistic the second half of the cycle is "around the corner."
JPMorgan
Neutral -> Overweight
upgrade
$7 -> $13
2025-12-10
Reason
JPMorgan
Price Target
$7 -> $13
2025-12-10
upgrade
Neutral -> Overweight
Reason
JPMorgan upgraded ProPetro Holding to Overweight from Neutral with a price target of $13, up from $7. The firm adjusted ratings in the oilfield services and equipment outlook as part of its 2026 outlook. JPMorgan retains a cautious sector stance citing upstream spending headwinds, but sees some "idiosyncratic growth opportunities." The analyst expects oilfield service stocks to play "second fiddle" to upstream companies and other energy sub-sectors due to a weakening spending picture. In a more challenging macro environment, companies that can demonstrate the most earnings resiliency and growth prospects are best positioned, the analyst tells investors in a research note.
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Freedom Capital
Buy
to
Hold
downgrade
$8 -> $11
2025-11-17
Reason
Freedom Capital
Price Target
$8 -> $11
2025-11-17
downgrade
Buy
to
Hold
Reason
Freedom Capital downgraded ProPetro Holding to Hold from Buy with a price target of $11, up from $8. The oilfield services business continues to face sustained pressure, notes the analyst, who believes the upside potential in shares has "largely been exhausted."
Piper Sandler
Neutral -> Overweight
upgrade
$6 -> $16
2025-11-03
Reason
Piper Sandler
Price Target
$6 -> $16
2025-11-03
upgrade
Neutral -> Overweight
Reason
Piper Sandler upgraded ProPetro Holding to Overweight from Neutral with a price target of $16, up from $6.
About PUMP
ProPetro Holding Corp is an integrated energy service company, which is focused on providing hydraulic fracturing, wireline, and other complementary energy and power generation services to upstream oil and gas companies engaged in the exploration and production (E&P) of North American oil and natural gas resources. Its segments include hydraulic fracturing (inclusive of acidizing and wet sand solutions), wireline, cementing and power generation services. Its hydraulic fracturing fleets range from approximately 50,000 to 80,000 HHP depending on the job design and customer demand at the wellsite. It owns and operates a fleet of mobile wireline units and other auxiliary equipment to perform well completion services. It provides cementing services for the completion of new wells and remedial work on existing wells. It has formed PROPWR to provide power generation services to oil and gas producers and for non-oil and gas applications such as general industrial projects and data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
