ProFrac Holding Corp. (NASDAQ:ACDC) Receives Consensus Rating of “Hold” from Analysts

ProFrac Holding Corp. (NASDAQ:ACDC) has earned an average rating of “Hold” from the five research firms that are covering the stock, 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 twelve-month price objective among analysts that have covered the stock in the last year is $12.50.

Several equities research analysts recently weighed in on ACDC shares. Bank of America boosted their target price on ProFrac from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Stifel Nicolaus reduced their price objective on shares of ProFrac from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, March 14th.

Hedge Funds Weigh In On ProFrac

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in ProFrac by 42.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,827 shares of the company’s stock worth $58,000 after purchasing an additional 2,034 shares during the last quarter. Peoples Bank KS acquired a new stake in ProFrac during the 3rd quarter worth approximately $33,000. Bank of New York Mellon Corp grew its stake in shares of ProFrac by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 172,244 shares of the company’s stock valued at $1,874,000 after purchasing an additional 8,265 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ProFrac in the third quarter valued at approximately $159,000. Finally, New York State Common Retirement Fund raised its stake in shares of ProFrac by 56.4% during the third quarter. New York State Common Retirement Fund now owns 48,661 shares of the company’s stock worth $529,000 after purchasing an additional 17,539 shares during the last quarter. 12.75% of the stock is owned by institutional investors and hedge funds.

ProFrac Stock Up 1.5 %

ACDC stock opened at $6.96 on Monday. The company’s 50 day moving average price is $8.09 and its 200 day moving average price is $8.08. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -13.13 and a beta of 0.76. ProFrac has a fifty-two week low of $6.46 and a fifty-two week high of $14.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.62 and a current ratio of 0.98.

ProFrac (NASDAQ:ACDC) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.23). The firm had revenue of $489.10 million during the quarter, compared to analysts’ expectations of $594.17 million. ProFrac had a negative net margin of 3.98% and a positive return on equity of 3.04%. On average, equities research analysts anticipate that ProFrac will post 0.84 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.