ProFrac HoldingACDC
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
199% more call options, than puts
Call options by funds: $400K | Put options by funds: $134K
0% more funds holding
Funds holding: 103 [Q1] → 103 (+0) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 19
3.23% less ownership
Funds ownership: 13.34% [Q1] → 10.11% (-3.23%) [Q2]
26% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 38
33% less capital invested
Capital invested by funds: $178M [Q1] → $120M (-$58.2M) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Daniel Kutz 100% 1-year accuracy 1 / 1 met price target | 13%upside $6.50 | Underweight Downgraded | 17 Oct 2024 |
Stifel Stephen Gengaro 48% 1-year accuracy 19 / 40 met price target | 22%upside $7 | Hold Downgraded | 11 Oct 2024 |
Stifel Stephen Gengaro 48% 1-year accuracy 19 / 40 met price target | 22%upside $7 | Buy Maintained | 12 Aug 2024 |
