ProFrac Holding Corp. (NASDAQ:ACDC) Receives $13.25 Average Price Target from Analysts

ProFrac Holding Corp. (NASDAQ:ACDC) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.50.

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

Institutional Investors Weigh In On ProFrac

A number of large investors have recently bought and sold shares of ACDC. Sandia Investment Management LP acquired a new stake in shares of ProFrac during the first quarter worth $32,000. Peoples Bank KS acquired a new stake in shares of ProFrac during the third quarter worth $33,000. Quarry LP acquired a new stake in shares of ProFrac during the first quarter worth $68,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProFrac by 42.4% during the fourth 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. Finally, Acadian Asset Management LLC acquired a new stake in shares of ProFrac during the first quarter worth $90,000. Institutional investors and hedge funds own 12.75% of the company’s stock.

ProFrac Stock Performance

Shares of ACDC stock opened at $8.49 on Thursday. ProFrac has a 12-month low of $6.46 and a 12-month high of $14.32. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -16.02 and a beta of 0.71. The stock has a 50 day simple moving average of $7.97 and a 200-day simple moving average of $8.27. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 0.74.

ProFrac (NASDAQ:ACDC) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.23). ProFrac had a negative net margin of 3.98% and a positive return on equity of 3.04%. The firm had revenue of $489.10 million during the quarter, compared to analysts’ expectations of $594.17 million. On average, equities analysts forecast that ProFrac will post 0.81 EPS for the current 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.