ProFrac Holding Corp. (NASDAQ:ACDC) Receives $12.50 Average PT from Analysts

ProFrac Holding Corp. (NASDAQ:ACDC) has received an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.50.

Several research firms have weighed in on ACDC. Stifel Nicolaus lowered their price objective on shares of ProFrac from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Bank of America lifted their target price on shares of ProFrac from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, April 15th.

Institutional Investors Weigh In On ProFrac

A number of institutional investors have recently modified their holdings of ACDC. Peoples Bank KS acquired a new stake in shares of ProFrac in the 3rd quarter valued at $33,000. Tower Research Capital LLC TRC lifted its stake in shares of ProFrac by 42.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,827 shares of the company’s stock valued at $58,000 after purchasing an additional 2,034 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ProFrac in the 3rd quarter valued at $159,000. Jump Financial LLC acquired a new stake in shares of ProFrac in the 4th quarter valued at $179,000. Finally, Aristides Capital LLC acquired a new stake in shares of ProFrac in the 4th quarter valued at $279,000. Institutional investors and hedge funds own 12.75% of the company’s stock.

ProFrac Trading Down 3.4 %

NASDAQ ACDC opened at $7.09 on Monday. ProFrac has a twelve month low of $6.46 and a twelve month high of $14.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.62 and a current ratio of 0.98. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -13.38 and a beta of 0.76. The firm’s 50 day moving average price is $8.05 and its two-hundred day moving average price is $8.04.

ProFrac (NASDAQ:ACDC) last posted its quarterly earnings data on Friday, March 15th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.23). ProFrac had a positive return on equity of 3.04% and a negative net margin of 3.98%. The firm had revenue of $489.10 million for the quarter, compared to analysts’ expectations of $594.17 million. Equities analysts anticipate that ProFrac will post 0.84 EPS for the current year.

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources.