ProFrac (ACDC) Projected to Post Earnings on Thursday

ProFrac (NASDAQ:ACDC) is anticipated to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect ProFrac to post earnings of ($0.32) per share and revenue of $479.26 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

ProFrac Stock Down 1.0 %

ProFrac stock opened at $6.86 on Thursday. The stock has a market capitalization of $1.10 billion, a PE ratio of -4.87 and a beta of 1.19. ProFrac has a twelve month low of $5.16 and a twelve month high of $9.75. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $7.81 and a 200-day moving average of $7.22.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of ProFrac from $7.00 to $6.00 and set a “hold” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. cut shares of ProFrac from a “neutral” rating to an “underweight” rating and set a $7.00 target price for the company. in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.20.

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.