Piper Sandler Reduces Price Target on ProPetro Holding Corp. (PUMP)

With a forward-price-to-earnings multiple under 15x and significant hedge fund interest, ProPetro Holding Corp. (NYSE:PUMP) secures a spot on our list of the 10 Overlooked Energy Stocks to Buy Now.

On August 14, 2025, Piper Sandler reduced its price target on ProPetro Holding Corp. (NYSE:PUMP) from $7 to $6, maintaining a ‘Neutral’ rating, citing sector-wide challenges. This price revision reflects industry checks across drilling, completion, production, and power segments in North America, international markets, and offshore operations.

The analyst also pointed that the oilfield services ETF (OIH) has shown a flat trajectory over the past month, despite mixed developments taking place, reflecting the industry’s push and pull. Meanwhile, the investment firm also highlighted ongoing headwinds, such as U.S. land market deflation, sticky production trends, sluggish international momentum, and uncertainty within the offshore landscape. Thus, the analyst forecasts a challenging phase for ProPetro Holding Corp. (NYSE:PUMP), which will have to navigate current oil price shocks and sustain performance in a volatile microenvironment at the same time.

Operating across Texas and New Mexico, ProPetro Holding Corp. (NYSE:PUMP) offers hydraulic fracturing and other oilfield completion services. It is included in our list of the Overlooked Stocks.

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