ProPetro (PUMP) Soars 9.9%: Is Further Upside Left in the Stock?

ProPetro Holding (PUMP) shares ended the last trading session 9.9% higher at $14.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.7% gain over the past four weeks.

Shares of ProPetro Holding surged about 9.9% yesterday as rising crude prices boosted sentiment across the oilfield services sector. Oil markets rallied after fresh attacks on Middle East energy infrastructure heightened concerns over potential supply disruptions, pushing Brent Crude back above the $100-per-barrel level and lifting WTI as well. Higher oil prices typically support service providers like ProPetro. Investor confidence was also strengthened by the company’s recent quarterly results, where earnings and revenue exceeded analysts’ expectations and the firm returned to profitability after earlier losses. Combined with raised price targets by several financial institutions, the improving industry outlook helped drive strong buying interest in the stock.

This oilfield services company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of -211.1%. Revenues are expected to be $280.51 million, down 22% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For ProPetro, the consensus EPS estimate for the quarter has been revised 36.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on PUMP going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

ProPetro is a member of the Zacks Oil and Gas - Field Services industry. One other stock in the same industry, Core Laboratories (CLB), finished the last trading session 3.2% lower at $15.9. CLB has returned -13.3% over the past month.

Core Laboratories' consensus EPS estimate for the upcoming report has changed +38.5% over the past month to $0.18. Compared to the company's year-ago EPS, this represents a change of +28.6%. Core Laboratories currently boasts a Zacks Rank of #3 (Hold).

Just Released: Zacks Top 10 Stocks for 2026

Hurry – you can still get in early on our 10 top tickers for 2026. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful.

From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.

Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.

See New Top 10 Stocks >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ProPetro Holding Corp. (PUMP): Free Stock Analysis Report

Core Laboratories Inc. (CLB): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research