ProPetro Holding Corp. (PUMP) is crashing due to increased costs from tariffs and falling oil prices.

From Yahoo Finance: 2025-04-09 14:36:00

The energy industry, especially oilfield services, is struggling due to a 25% tariff on steel and aluminum, leading to increased costs and lower margins. ProPetro Holding Corp. (PUMP) is crashing this week along with other energy stocks, with Morningstar lowering fair value estimates for top oilfield services companies. The ongoing trade war has pushed WTI prices down to $57, affecting profitability.

ProPetro Holding Corp. (PUMP) is an oilfield services company that has seen a share price decline of 35.94% between April 1 and April 8. The company reported disappointing Q4 2024 results, falling below expectations. The industry faces challenges due to increased costs from tariffs and reduced margins from falling oil prices, impacting demand.

Overall, PUMP ranks 7th on the list of energy stocks that lost the most this week. While energy companies hold potential, AI stocks are seen as more promising for higher returns in a shorter timeframe. An AI stock has shown growth in 2025 while popular AI stocks have declined. For a promising AI stock trading at less than 5 times its earnings, check out the report on the cheapest AI stock.



Read more at Yahoo Finance: Why ProPetro Holding Corp. (PUMP) is Crashing This Week