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ProPetro Holding (PUMP) Slumps Following Decline in Oil Price
Yahoo Finance· 2025-12-20 11:46
Core Viewpoint - ProPetro Holding Corp. (NYSE:PUMP) experienced a significant decline in share price, dropping 20% from December 10 to December 17, 2025, amidst a broader bearish sentiment in the energy sector due to falling global crude oil prices [1][2]. Group 1: Stock Performance - The share price of ProPetro Holding Corp. fell by 20% between December 10 and December 17, 2025, making it one of the worst-performing energy stocks during that week [1]. - Despite positive developments, including upgrades from major financial institutions, the stock's performance was negatively impacted by a decline in oil prices, reaching a four-year low [2]. Group 2: Analyst Ratings and Price Targets - On December 10, JPMorgan upgraded ProPetro Holding from 'Neutral' to 'Overweight' and nearly doubled its price target from $7 to $13 as part of its 2026 outlook for the oilfield services sector [3]. - On December 17, Barclays raised its price target for PUMP from $10 to $11 while maintaining an 'Equal Weight' rating on the shares [3]. Group 3: Business Developments - ProPetro Holding announced on December 12 that its PROPWR business secured a new power services contract in the Permian Basin with a subsidiary of Coterra Energy Inc., increasing PROPWR's contracted power to over 220 MW, with operations expected to begin in Q1 2026 [4].
GE Vernova Stock Hasn’t Budged in 3 Months, Will Q3 Power it Higher?
Yahoo Finance· 2025-10-21 15:43
GE Vernova (GEV) is one of the top-performing stocks this year, rising 79% year-to-date and 113% over the past 12 months. The momentum in GEV stock is supported by a broader shift toward electrification. As industries and utilities accelerate investments in grid infrastructure and decarbonization solutions, GE Vernova is witnessing strong demand for its products, technology, and services. Yet, despite the secular demand environment, GEV stock has largely plateaued over the past three months. Attention now ...