ProFrac (ACDC) Projected to Post Earnings on Thursday

ProFrac (NASDAQ:ACDC) is projected to release its earnings data 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. Investors that wish to register for the company’s conference call can do so using this link.

ProFrac Price Performance

Shares of ACDC opened at $6.86 on Thursday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.87 and a beta of 1.19. The business’s 50-day moving average is $7.81 and its 200-day moving average is $7.22. ProFrac has a fifty-two week low of $5.16 and a fifty-two week high of $9.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.62.

Analyst Ratings Changes

ACDC has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of ProFrac from a “neutral” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research report on Friday, December 6th. Stifel Nicolaus reduced their target price on shares of ProFrac from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, ProFrac presently has an average rating of “Hold” and a consensus target price of $7.20.

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.