ProFrac Holding (ACDC)

• Market cap: $1.17B
• 1 day: -3.93%
• 5 days: -6.62%
• 1 month: -18.74%
• 3 months: -2.91%
• 6 months: 15.43%
• Year to date: -11.37%
• 1 year: -0.41%
• 5 years: -59.53%
• 10 years: -59.53%
• Sector: Energy
• Industry: Oil & Gas Field Services

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 Q4 regulatory filings by fund managers ($100M+ AUM)

69% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 16

30% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 23

21% more capital invested

Capital invested by funds: $106M [Q3] → $129M (+$22.5M) [Q4]

9% more funds holding

Funds holding: 94 [Q3] → 102 (+8) [Q4]

0.61% more ownership

Funds ownership: 9.74% [Q3] → 10.35% (+0.61%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

3% less call options, than puts

Call options by funds: $2.19M | Put options by funds: $2.27M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $6 18% downside
• Avg. target: $6.50 11% downside
• High target: $7 5% downside

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

Stifel Stephen Gengaro 52% 1-year accuracy 47 / 91 met price target	18% downside $6	Hold Maintained	6 Jan 2025
JP Morgan Arun Jayaram 40% 1-year accuracy 14 / 35 met price target	5% downside $7	Underweight Downgraded	6 Dec 2024