ProFrac Holding Corp. (NASDAQ:ACDC) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Analyst consensus is "Reduce": Seven analysts cover ProFrac with a split of three sell, three hold and one buy, leaving an average 12‑month price target of $5.6250.
• Quarterly results showed an EPS miss but revenue beat: ProFrac reported ($0.51) EPS versus a ($0.44) estimate and $436.5M in revenue versus $402.95M expected, while posting a negative net margin (‑18.97%) and negative ROE (‑33.18%).
• Shares trade near analyst levels — NASDAQ:ACDC opened at $5.88 with a market cap of about $1.06B, a negative PE and a 12‑month range of $3.08–$10.70, and institutional investors own roughly 12.75% of the stock.

ProFrac Holding Corp. (NASDAQ:ACDC - Get Free Report) has received an average recommendation of "Reduce" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.6250.

Several equities research analysts have recently commented on the company. UBS Group reissued a "positive" rating on shares of ProFrac in a report on Thursday, March 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of ProFrac in a report on Friday, March 27th. Morgan Stanley increased their price objective on ProFrac from $4.00 to $5.00 and gave the company an "underweight" rating in a report on Tuesday, March 24th. Wall Street Zen raised ProFrac from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Finally, Zacks Research raised ProFrac from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 21st.

Institutional Investors Weigh In On ProFrac

Several hedge funds have recently added to or reduced their stakes in ACDC. EverSource Wealth Advisors LLC lifted its holdings in ProFrac by 7,241.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company's stock valued at $27,000 after purchasing an additional 3,476 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ProFrac during the 2nd quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in ProFrac during the 3rd quarter valued at $45,000. Price T Rowe Associates Inc. MD acquired a new stake in ProFrac during the 4th quarter valued at $46,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in ProFrac during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 12.75% of the company's stock.

ProFrac Trading Up 0.9%

NASDAQ ACDC opened at $5.88 on Friday. The company has a market cap of $1.06 billion, a PE ratio of -2.67 and a beta of 1.44. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.08. ProFrac has a 12 month low of $3.08 and a 12 month high of $10.70. The stock has a 50 day moving average of $5.77 and a 200-day moving average of $4.73.

ProFrac (NASDAQ:ACDC - Get Free Report) last released its quarterly earnings data on Friday, March 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The company had revenue of $436.50 million during the quarter, compared to analyst estimates of $402.95 million. ProFrac had a negative net margin of 18.97% and a negative return on equity of 33.18%. On average, equities research analysts anticipate that ProFrac will post -0.5 EPS for the current fiscal 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. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.

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