Shares of ProFrac Holding Corp. (NASDAQ:ACDC - Get Free Report) dropped 3.8% during trading on Monday . The company traded as low as $7.74 and last traded at $7.80. Approximately 176,622 shares changed hands during trading, a decline of 80% from the average daily volume of 897,041 shares. The stock had previously closed at $8.11.
Wall Street Analyst Weigh In
Several research firms have weighed in on ACDC. Bank of America boosted their target price on shares of ProFrac from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Monday, April 15th. Stifel Nicolaus lowered their price objective on ProFrac from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.50.
Check Out Our Latest Analysis on ACDC
ProFrac Stock Performance
The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 0.74. The firm's fifty day moving average price is $8.04 and its 200 day moving average price is $8.20. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -15.17 and a beta of 0.71.
ProFrac (NASDAQ:ACDC - Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates 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. Analysts forecast that ProFrac Holding Corp. will post 0.81 EPS for the current fiscal year.
Hedge Funds Weigh In On ProFrac
Institutional investors have recently bought and sold shares of the company. First Financial Bankshares Inc acquired a new stake in shares of ProFrac during the fourth quarter worth about $8,580,000. CastleKnight Management LP acquired a new stake in ProFrac during the 4th quarter worth approximately $956,000. Aristides Capital LLC purchased a new position in ProFrac in the 4th quarter valued at approximately $279,000. Tower Research Capital LLC TRC grew its stake in shares of 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 in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of ProFrac during the fourth quarter worth $356,000. 12.75% of the stock is owned by institutional investors and hedge funds.
About ProFrac
(
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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.
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