Scotiabank keeps USD 12.00 target for ProPetro stock
Published on 10/07/2026 at 07:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ProPetro stock was trading at EUR 8.50 at Lang & Schwarz on October 7, 2026 at 7:36 a.m. CEST, plus 0.59 percent versus the prior close of EUR 8.45. According to MarketBeat, Scotiabank maintained its Sector Perform rating and USD 12.00 price target in a research note issued on October 1, 2026.
Scotiabank sees another loss
Scotiabank forecasts adjusted earnings per share of negative USD 0.08 for fiscal year 2026 and negative USD 0.02 for fiscal year 2027, according to MarketBeat. The same report puts the broader consensus target at USD 15.40, showing that Scotiabank's view is more cautious than the aggregated analyst forecast.
The latest reported quarter also carried a mixed message. StockTitan reported Q2 2026 service revenue of USD 305.81 million, up 12.97 percent from USD 270.69 million in Q1 2026 but down 6.24 percent from USD 326.15 million in Q2 2025.
Power contracts broaden the story
ProPetro's second-quarter net loss was USD 8.11 million, compared with a USD 7.16 million loss in the year-earlier quarter, according to StockTitan. Operating cash flow for the quarter reached USD 66.05 million, a sharp increase from USD 2.73 million in Q1 2026.
A separate growth angle is PROPWR, ProPetro's power-generation business. In a September 22, 2026 release, ProPetro said the unit entered contracts committing 230 megawatts of capacity to Targa Resources and bringing total contracted PROPWR capacity to 510 megawatts. Full deployment is scheduled for early 2028, making execution and capital spending central to the investment case.
Stock remains below its yearly high
On the NYSE, PUMP was last quoted at USD 9.53 on October 6, 2026 at 4:00 p.m. ET. The 52-week range was USD 4.87 to USD 18.50, while market capitalization stood at USD 1.2 billion as of October 6, 2026.
The further course of trading is shown by the continuously updated real-time quote of ProPetro stock.
ProPetro stock facts
- Company: ProPetro Holding Corp.
- ISIN: US74347M1080
- Ticker: PUMP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 7, 2026, 7:36 a.m. CEST): EUR 8.50
- Change versus prior close: plus 0.59 percent
- Prior close Lang & Schwarz (October 6, 2026): EUR 8.45
- Market capitalization: USD 1.2 billion (as of October 6, 2026)
- 52-week range: USD 4.87-18.50 (as of October 6, 2026)
- Sector / Industry: Energy / Oil and Gas Equipment and Services
