ProFrac Holding (ACDC)

• Market cap: $1.12B
• 1 day: -2.10%
• 5 days: -8.51%
• 1 month: -2.10%
• 3 months: 8.54%
• 6 months: -5.80%
• Year to date: -12.41%
• 1 year: -15.17%
• 5 years: -61.40%
• 10 years: -61.40%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.8% less ownership

Funds ownership: 10.53% [Q2] → 9.74% (-0.8%) [Q3]

3% less call options, than puts

Call options by funds: $487K | Put options by funds: $500K

9% less funds holding

Funds holding: 103 [Q2] → 94 (-9) [Q3]

15% less capital invested

Capital invested by funds: $125M [Q2] → $106M (-$18.8M) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 32

32% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 28

Research analyst outlook

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

• Low target: $6.50 7% downside
• Avg. target: $6.83 2% downside
• High target: $7 0% upside

3 analyst ratings

• positive: 0 0%
• neutral: 1 33%
• negative: 2 67%

JP Morgan Arun Jayaram 41% 1-year accuracy 11 / 27 met price target	0% upside $7	Underweight Downgraded	6 Dec 2024
Morgan Stanley Daniel Kutz 33% 1-year accuracy 1 / 3 met price target	7% downside $6.50	Underweight Downgraded	17 Oct 2024
Stifel Stephen Gengaro 50% 1-year accuracy 41 / 82 met price target	0% upside $7	Hold Downgraded	11 Oct 2024