ProPetro (NYSE:PUMP) Research Coverage Started at Scotiabank

Posted by Brian Himes on Oct 2nd, 2026

Scotiabank assumed coverage on shares of ProPetro (NYSE:PUMP – Free Report) in a research note released on Tuesday, MarketBeat Ratings reports. The firm issued a sector perform rating and a $12.00 price objective on the stock.

Several other research analysts have also weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a research note on Friday, July 31st. Morgan Stanley initiated coverage on shares of ProPetro in a research note on Monday, September 14th. They set an “equal weight” rating and a $13.00 target price for the company. Stifel Nicolaus lowered their price target on shares of ProPetro from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Wall Street Zen cut shares of ProPetro from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Finally, Citigroup dropped their price target on shares of ProPetro from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.40.

View Our Latest Analysis on PUMP

ProPetro Stock Up 1.7%

Shares of ProPetro stock opened at $8.99 on Tuesday. ProPetro has a 1 year low of $4.87 and a 1 year high of $18.50. The company has a market cap of $1.10 billion, a P/E ratio of -81.75 and a beta of 0.87. The company has a current ratio of 4.09, a quick ratio of 4.00 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $10.91 and a 200 day moving average price of $13.48.

ProPetro (NYSE:PUMP – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $305.81 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. As a group, analysts expect that ProPetro will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Adam Muñoz sold 70,696 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total transaction of $789,674.32. Following the transaction, the chief operating officer owned 148,691 shares of the company’s stock, valued at approximately $1,660,878.47. This trade represents a 32.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Lawrence sold 35,831 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the transaction, the director directly owned 28,181 shares in the company, valued at approximately $314,499.96. The trade was a 55.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PUMP. Y Intercept Hong Kong Ltd bought a new position in ProPetro during the first quarter valued at about $2,045,000. Assenagon Asset Management S.A. acquired a new stake in shares of ProPetro in the second quarter worth about $18,700,000. Fund 1 Investments LLC boosted its stake in shares of ProPetro by 2,653.6% during the 2nd quarter. Fund 1 Investments LLC now owns 1,793,882 shares of the company’s stock worth $25,724,000 after acquiring an additional 1,728,736 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of ProPetro by 477.9% during the 2nd quarter. Engineers Gate Manager LP now owns 297,809 shares of the company’s stock worth $4,271,000 after acquiring an additional 246,278 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new stake in shares of ProPetro during the 2nd quarter worth about $3,830,000. Institutional investors own 84.70% of the company’s stock.

ProPetro Company Profile

(Get Free Report)

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.