ProFrac (ACDC) to Release Quarterly Earnings on Wednesday

ProFrac (NASDAQ:ACDC - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect ProFrac to post earnings of ($0.31) per share and revenue of $495.70 million for the quarter.

ProFrac Trading Down 3.8 %

ACDC traded down $0.19 during trading on Monday, reaching $4.71. 145,154 shares of the company's stock were exchanged, compared to its average volume of 713,726. The company's fifty day moving average price is $6.13 and its 200-day moving average price is $7.04. The firm has a market capitalization of $753.64 million, a PE ratio of -3.36 and a beta of 1.05. ProFrac has a fifty-two week low of $4.00 and a fifty-two week high of $9.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.62 and a current ratio of 0.95.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their price objective on ProFrac from $7.00 to $6.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $7.20.

Insider Buying and Selling

In other news, major shareholder Farris Wilks bought 338,756 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $6.93 per share, for a total transaction of $2,347,579.08. Following the acquisition, the insider now owns 1,316,534 shares in the company, valued at approximately $9,123,580.62. This trade represents a 34.65 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.93% of the stock is currently owned by company insiders.

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.