ProFrac Holding Corp. (NASDAQ:ACDC) Receives $12.50 Consensus Target Price from Brokerages

ProFrac Holding Corp. (NASDAQ:ACDC) has received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.50.

ACDC has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of 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 upped their target price on shares of ProFrac from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, April 15th.

Institutional Investors Weigh In On ProFrac

Several large investors have recently bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of ProFrac during the third quarter worth $33,000. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 2,034 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of ProFrac during the third quarter worth $159,000. Jump Financial LLC bought a new stake in shares of ProFrac during the fourth quarter worth $179,000. Finally, Aristides Capital LLC bought a new stake in shares of ProFrac during the fourth quarter worth $279,000. Institutional investors own 12.75% of the company’s stock.

ProFrac Trading Down 3.4 %

Shares of NASDAQ ACDC opened at $7.09 on Monday. The company’s 50 day simple moving average is $8.05 and its 200 day simple moving average is $8.04. ProFrac has a fifty-two week low of $6.46 and a fifty-two week high of $14.32. The firm has a market capitalization of $1.13 billion, a P/E ratio of -13.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.62.

ProFrac (NASDAQ:ACDC) last announced 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 business had revenue of $489.10 million during the quarter, compared to analyst estimates of $594.17 million. On average, analysts predict that ProFrac will post 0.84 EPS for the current year.

About ProFrac

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.