Morgan Stanley cuts target to USD 12.00 for ProPetro Holding stock
Published on 10/15/2026 at 18:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Morgan Stanley lowered its ProPetro target to USD 12.00 from USD 13.00 on October 14, 2026.
- ProPetro will report third-quarter 2026 results on October 28, 2026.
- ProPetro Holding stock costs EUR 6.98 at Lang & Schwarz on October 15, 2026 at 6:33 p.m. CEST, while the NYSE quote was down 5.23 percent on the day.
- ProPetro had a USD 956.2 million market capitalization and a negative 68.92 P/E ratio on October 15, 2026.
Morgan Stanley lowered its ProPetro Holding target to USD 12.00 from USD 13.00 on October 14, 2026, while maintaining an Equal Weight rating, according to Markets Insider. The NYSE quote stood at USD 7.79, down 5.23 percent from USD 8.22 on October 15, 2026. At Lang & Schwarz, the euro price was EUR 6.98 on October 15, 2026 at 6:33 p.m. CEST.
October 28 brings the next report
ProPetro will publish its third-quarter 2026 results before trading opens on October 28, 2026, and will hold its earnings call at 8:00 a.m. Central Time. The date was announced by Business Wire on October 12, 2026.
Target gap remains 54.04 percent
Morgan Stanley's new USD 12.00 target was 54.04 percent above the USD 7.79 NYSE price on October 15, 2026. The cut from USD 13.00 marks a lower analyst reference point, while the Equal Weight rating remains in place. The latest company report covered the second quarter of 2026, when revenue reached USD 305.81 million and adjusted earnings per share were negative USD 0.07, according to the investor-relations release listed by ProPetro.
Price position and valuation
The USD 7.79 NYSE price sat 57.89 percent below the 52-week high of USD 18.50 and 55.49 percent above the low of USD 5.01 on October 15, 2026. ProPetro's market capitalization was USD 956.2 million, with a negative 68.92 P/E ratio. The company provides hydraulic fracturing, completion and power services to North American oil and gas producers.
Comparison with peers
ProPetro (NYSE, USD): minus 5.23 percent, P/E minus 68.92, market capitalization USD 956.2 million
Liberty Energy (NYSE, USD): minus 9.32 percent, P/E 21.99, market capitalization USD 2.7 billion
Nine Energy Service (NYSE, USD): plus 2.44 percent, P/E 1.26, market capitalization USD 114.2 million
Trading perspective
The combination of a lower Morgan Stanley target and the October 28 reporting date gives the stock two concrete reference points. The upcoming results will provide the next company-specific test for revenue and earnings performance.
The euro quote was EUR 6.98 at Lang & Schwarz on October 15, 2026 at 6:33 p.m. CEST. The home-market quote was USD 7.79 on the NYSE on the same date, down 5.23 percent from USD 8.22.
The further course of trading is shown by the continuously updated real-time quote of ProPetro Holding stock.
ProPetro Holding market data
- Company: ProPetro Holding Corp.
- ISIN: US74347M1080
- Ticker: PUMP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 6:33 p.m. CEST): EUR 6.98
- Market capitalization: USD 956.2 million (as of October 15, 2026)
- 52-week range: USD 5.01-18.50 (as of October 15, 2026)
- Sector / Industry: Energy / Oil and Gas Equipment and Services
Market context: Market report S&P 500.
