Why These Energy Stocks are Losing This Week

7. 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.