ProPetro Holding Corp.
In the published model solve dated 2026-Q2, anchored at $11.01, ProPetro Holding Corp. (PUMP) is priced for today's economics sustained for ~18.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- The single number that matters is utilization, and it is turning up. ProPetro expects about 12 active frac fleets in the second quarter, up from 11, with its next-generation electric and Tier 4 fleets sold out as the Permian completions market tightens. - The reported valuation looks absurd only because trailing earnings are near zero at the cycle bottom. The standard frames cannot price a company whose normalized margin is currently a fraction of a percent, so this is an activity-recovery bet
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245 institutional managers reported holding PUMP in 13F filings for the quarter ended 2026-03-31. 59 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 17.5M shares were sold short as of the 2026-06-15 count, about 15% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PUMP's share count grew 14.2% over the past five years even with $110.85M spent on repurchases. It pays no dividend. Cash returned over the past three years: $93.38M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PUMP over the trailing three years: 2024: 1 buy totaling $31k; 2025: 2 buys totaling $34k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PUMP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -7.7% | -6.3% |
| 2023-11-03 | -3.4% | -18.0% |
| 2024-03-14 | -9.7% | +27.8% |
| 2024-05-03 | +5.0% | -10.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PUMP's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-06-01 (items 5.02); 2026-05-22 (items 5.02, 5.07, 9.01); 2026-05-07 (items 1.01, 2.03, 3.02, 8.01, 9.01); 2026-05-04 (items 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.