Why ProPetro Holding Corp. (PUMP) is Crashing This Week

Insider Monkey
04-10

We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where ProPetro Holding Corp. (NYSE:PUMP) stands against other energy stocks that are crashing this week.

The energy industry has been absolutely crushed in the ongoing bloodbath faced by the overall market, but one sector that has been hit particularly hard is that of the oilfield services sector. On one side, the imposition of the 25% tariff on steel and aluminum has already led to an estimated 4% increase in costs for drilling a well. On the other hand, global oil prices have plunged to a multi-year low, further decreasing margins for producers and forcing them to slow down drilling activities. A recently published survey by the Federal Reserve Bank of Dallas has revealed that the US oil industry needs prices between $61 and $70 per barrel to be profitable. However, the ongoing trade war has pushed WTI prices down to the $57 range.

Following President Trump’s scathing tariff announcements last week, Morningstar has reduced its fair value estimates on the three biggest oilfield services companies, expecting them to report a revenue drop of between 2% and 3% this year. The report further states that each dollar lost in revenue translates into an operating profit loss of between $1.25 and $1.35. Hence, it comes as no surprise that a large majority of the Energy Stocks that Crashed This Week belong to the energy services industry.

An oil derrick silhouetted against a rising sun with a blue sky in the background.

Our Methodology

To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 1 to April 8, 2025. Following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period.

At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

ProPetro Holding Corp. (NYSE:PUMP)

Share Price Decline Between Apr. 1 and Apr. 8: 35.94%

ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services.

ProPetro Holding Corp. (NYSE:PUMP) reported mixed results for its Q4 2024 as its EPS of -$0.17 fell below expectations by $0.19. Additionally, the overall oilfield services sector, which has already been facing headwinds for a while, is particularly vulnerable in the current global trade war. The tariffs imposed on steel and aluminum have driven up costs for the industry, while the decline in the global price of oil has reduced margins for its clients, hence tightening their budgets and reducing demand.

Overall, PUMP ranks 7th on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PUMP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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