ProFrac (ACDC) to Release Quarterly Earnings on Wednesday

ProFrac (NASDAQ:ACDC) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect ProFrac to post earnings of ($0.31) per share and revenue of $495.70 million for the quarter.

ProFrac Stock Up 6.5 %

Shares of ProFrac stock opened at $4.89 on Monday. The company’s fifty day simple moving average is $6.13 and its two-hundred day simple moving average is $7.04. ProFrac has a 12-month low of $4.00 and a 12-month high of $9.75. The company has a current ratio of 0.95, a quick ratio of 0.62 and a debt-to-equity ratio of 0.86. The company has a market cap of $783.27 million, a P/E ratio of -3.47 and a beta of 1.05.

Insider Activity at ProFrac

In other ProFrac news, major shareholder Farris Wilks bought 338,756 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $6.93 per share, for a total transaction of $2,347,579.08. Following the completion of the acquisition, the insider now owns 1,316,534 shares of the company’s stock, valued at approximately $9,123,580.62. This trade represents a 34.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their price objective on shares of ProFrac from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ProFrac currently has a consensus rating of “Hold” and a consensus 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.