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ProFrac Holding
ACDC

$8.57
0.82%

Market Cap: 1.37B

 

About: ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

Employees: 2,949

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 4 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

81% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 16

15% more funds holding

Funds holding: 89 [Q4 2023] → 102 (+13) [Q1 2024]

10% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 29

0.11% more ownership

Funds ownership: 12.75% [Q4 2023] → 12.85% (+0.11%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0% less capital invested

Capital invested by funds: $172M [Q4 2023] → $172M (-$757K) [Q1 2024]

70% less call options, than puts

Call options by funds: $1.15M | Put options by funds: $3.79M

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$8.50
1%
downside
Avg. target
$9.25
8%
upside
High target
$10
17%
upside

4 analyst ratings

positive
50%
neutral
50%
negative
0%
B of A Securities
Chase Mulvehill
1%downside
$8.5
Neutral
Maintained
15 Jul 2024
Piper Sandler
Luke Lemoine
5%upside
$9
Overweight
Maintained
15 Jul 2024
B of A Securities
Chase Mulvehill
11%upside
$9.5
Neutral
Maintained
15 Apr 2024
Stifel
Stephen Gengaro
17%upside
$10
Buy
Maintained
14 Mar 2024

Financial journalist opinion