Barclays cuts target for ProPetro Holding stock to USD 17.00

Published on 10/20/2026 at 19:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley set a USD 12.00 target on October 14, 2026. ProPetro Holding stock costs EUR 6.78 on October 20, 2026 at 7:01 p.m. CEST.

Analyst targets and operating figures

Barclays lowered its ProPetro target from USD 18.00 to USD 17.00 on October 15, 2026.
Morgan Stanley set a USD 12.00 target with a Hold rating on October 14, 2026.
ProPetro Holding stock costs EUR 6.78 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.
Second-quarter revenue was USD 305.81 million, down 6.24 percent from the prior-year quarter.

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Barclays lowered its price target for ProPetro Holding from USD 18.00 to USD 17.00 on October 15, 2026, while keeping an Overweight rating, according to Markets Insider. ProPetro Holding stock was trading at EUR 6.78 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.

Morgan Stanley sets a lower bar

Morgan Stanley maintained a Hold rating and set a USD 12.00 target on October 14, 2026, according to Markets Insider. The two recent target changes leave a wide spread between the USD 12.00 Morgan Stanley view and the USD 17.00 Barclays target.

Revenue fell in the second quarter

ProPetro reported USD 305.81 million of revenue for the second quarter ended June 30, 2026, compared with USD 326.15 million in the prior-year quarter. That was a 6.24 percent decline. The company also posted a GAAP net loss of USD 8.11 million, versus a USD 7.16 million loss a year earlier, according to Markets Insider.

Price position and reporting date

The primary-market quote was USD 7.61 on the NYSE on October 20, 2026 at 1:07 p.m. ET, down USD 0.20 from the prior close. The same-day 52-week range was USD 5.68 to USD 18.50, placing the quote 33.98 percent above its yearly low. Trading volume reached 1,800,978 shares, while market capitalization stood at USD 934.1 million.

ProPetro's next reporting date is October 28, 2026, when the company is scheduled to release third-quarter results. The date appears on the company's investor-relations page, which also lists the second-quarter report for the period ended June 30, 2026: ProPetro Holding.

Analyst targets remain dispersed

The current target range shows how differently analysts value the oilfield-services provider. Barclays' USD 17.00 target is USD 5.00 above the Morgan Stanley target, while both remain above the NYSE quote of USD 7.61. The target reductions also contrast with the company's second-quarter revenue decline and continuing GAAP loss.

Stock price and investor perspective

For investors, the next quantified checkpoint is the third-quarter report on October 28, 2026. Revenue, earnings and any update to operating expectations will determine whether the recent target cuts become a broader valuation reset or remain isolated research revisions. The stock was trading at EUR 6.78 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of ProPetro Holding stock.