Piper Sandler Maintains Neutral Rating on ProPetro Holding, PT Cut to $6 from $7.

Piper Sandler Maintains Neutral Rating on ProPetro Holding, PT Cut to $6 from $7.

Piper Sandler, a prominent research firm, has maintained its neutral rating on ProPetro Holding (NYSE: PUMP) but has revised its price target downwards from $7.00 to $6.00. This adjustment reflects the company's recent financial performance and market conditions [2].

ProPetro Holding operates as an integrated oilfield services company, providing hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services in the Permian Basin. The company reported a loss of $0.07 per share for the last quarter, missing estimates, and its revenue declined by 9.2% compared to the same quarter last year [2].

Analysts from Piper Sandler cited the company's recent earnings report and the broader market conditions as reasons for the downgrade. The research firm noted that while ProPetro has shown resilience in the face of industry challenges, the current market environment and the company's financial performance have led to a more cautious outlook [2].

The stock price of ProPetro has been volatile in recent months, reflecting the uncertainty surrounding the company's financial health and the broader oil and gas sector. As of the latest trading day, the stock was trading around $4.70, down 2.4% from its previous close [2].

Investors should closely monitor ProPetro Holding's future earnings reports and any updates from Piper Sandler to gauge the potential impact on the stock price. The company's ability to navigate the challenging oil and gas market and improve its financial performance will be crucial in determining its long-term prospects.

References:
[1] https://www.marketbeat.com/instant-alerts/propetro-holding-corp-nysepump-receives-average-recommendation-of-hold-from-analysts-2025-08-09/
[2] https://www.marketwatch.com/investing/stock/acdc