ProFrac Holding Corp. (NASDAQ:ACDC) Receives $13.25 Average Price Target from Brokerages

Shares of ProFrac Holding Corp. (NASDAQ:ACDC) have earned an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.50.

Several brokerages recently issued reports on ACDC. Bank of America increased their target price on shares of ProFrac from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Monday. Stifel Nicolaus cut their target price on shares of ProFrac from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th.

Institutional Trading of ProFrac

Hedge funds have recently added to or reduced their stakes in the stock. Sandia Investment Management LP bought a new stake in ProFrac in the first quarter worth about $32,000. Peoples Bank KS bought a new stake in ProFrac in the third quarter worth about $33,000. Quarry LP bought a new stake in ProFrac in the first quarter worth about $68,000. Tower Research Capital LLC TRC raised its position in ProFrac by 42.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,827 shares of the company’s stock worth $58,000 after acquiring an additional 2,034 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of ProFrac in the first quarter valued at approximately $90,000. Institutional investors own 12.75% of the company’s stock.

ProFrac Trading Down 5.9 %

ACDC opened at $7.49 on Thursday. ProFrac has a twelve month low of $6.46 and a twelve month high of $14.32. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $7.99 and a 200-day moving average of $8.25. The stock has a market cap of $1.20 billion, a PE ratio of -14.13 and a beta of 0.71.

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 analyst estimates of $594.17 million. On average, sell-side analysts predict that ProFrac will post 0.81 EPS for the current year.

About ProFrac

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.