ProFrac (NASDAQ:ACDC – Get Rating) had its price target increased by JPMorgan Chase & Co. from $30.00 to $32.00 in a report published on Thursday, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other research analysts have also commented on ACDC. Stifel Nicolaus raised their price objective on shares of ProFrac from $29.00 to $38.00 and gave the company a buy rating in a research note on Monday, November 14th. Piper Sandler lifted their price target on shares of ProFrac from $31.50 to $35.00 and gave the stock an overweight rating in a research report on Tuesday, January 10th. Finally, Morgan Stanley decreased their price target on shares of ProFrac from $32.00 to $30.00 and set an overweight rating on the stock in a research report on Wednesday, January 4th.
Get ProFrac alerts:ProFrac Trading Up 1.0 %
NASDAQ ACDC opened at $24.93 on Thursday. ProFrac has a 12 month low of $13.18 and a 12 month high of $27.00. The company's 50 day moving average is $23.64.
ProFrac (NASDAQ:ACDC – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.23. ProFrac had a net margin of 3.59% and a negative return on equity of 26.10%. The business had revenue of $696.73 million for the quarter, compared to analyst estimates of $660.84 million. Sell-side analysts predict that ProFrac will post 3.27 EPS for the current fiscal year.About ProFrac
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ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production.
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