ProFrac Holding Corp. (NASDAQ:ACDC) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Analyst consensus: Six brokerages give ProFrac a consensus rating of "Reduce" (3 sell, 2 hold, 1 buy) with an average 12‑month target of $5.83.
• Recent quarter: ProFrac reported EPS of ($0.51), missing estimates by $0.07 while revenue beat at $436.5M, but the company remains unprofitable with a negative ROE (33.18%) and net margin (‑18.97%), and analysts forecast roughly ‑$1.30 EPS for the year.
• Stock and balance‑sheet snapshot: ACDC opened at $7.13 (1‑yr range $3.08–$10.70) with a $1.29B market cap and negative P/E (‑3.24); liquidity is weak (current ratio 0.81, quick ratio 0.56) and debt/equity is 1.08.

Shares of ProFrac Holding Corp. (NASDAQ:ACDC - Get Free Report) have been assigned a consensus rating of "Reduce" from the six brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.8333.

A number of analysts have commented on ACDC shares. Zacks Research raised ProFrac from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 21st. UBS Group reaffirmed a "positive" rating on shares of ProFrac in a research report on Thursday, March 12th. Wall Street Zen raised ProFrac from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ProFrac in a research report on Friday, March 27th. Finally, Morgan Stanley lifted their price target on ProFrac from $5.00 to $6.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 15th.

ProFrac Stock Down 5.2%

Shares of ACDC stock opened at $7.13 on Thursday. ProFrac has a 1-year low of $3.08 and a 1-year high of $10.70. The stock's fifty day moving average price is $6.23 and its 200 day moving average price is $5.06. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.81 and a quick ratio of 0.56. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -3.24 and a beta of 1.51.

ProFrac (NASDAQ:ACDC - Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.07). ProFrac had a negative return on equity of 33.18% and a negative net margin of 18.97%.The business had revenue of $436.50 million for the quarter, compared to analysts' expectations of $402.95 million. On average, research analysts expect that ProFrac will post -1.3 earnings per share for the current fiscal year.

Institutional Trading of ProFrac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in ProFrac by 17.0% during the 1st quarter. Bank of New York Mellon Corp now owns 79,914 shares of the company's stock worth $495,000 after acquiring an additional 11,597 shares during the period. SG Americas Securities LLC acquired a new stake in ProFrac during the 1st quarter worth about $86,000. Hsbc Holdings PLC acquired a new stake in ProFrac during the 4th quarter worth about $60,000. Alpine Global Management LLC acquired a new position in shares of ProFrac in the 4th quarter valued at about $88,000. Finally, Invesco Ltd. lifted its holdings in shares of ProFrac by 28.4% in the 4th quarter. Invesco Ltd. now owns 240,655 shares of the company's stock valued at $936,000 after buying an additional 53,210 shares during the period. Institutional investors and hedge funds own 12.75% of the company's stock.

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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