2 days Ago By ABMN Staff
ProFrac ( NASDAQ:ACDC – Get Free Report ) had its price target reduced by investment analysts at Stifel Nicolaus from $7.00 to $6.00 in a report released on Tuesday, Benzinga reports.
The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 32.74% from the stock’s current price.
ProFrac Stock Up 0.7 % NASDAQ ACDC opened at $4.52 on Tuesday.
ProFrac has a fifty-two week low of $4.00 and a fifty-two week high of $9.75.
The business has a fifty day moving average price of $6.85 and a two-hundred day moving average price of $7.25.
The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.
62. The stock has a market capitalization of $724.00 million, a PE ratio of -3.
21 and a beta of 1.05. Insider Buying and Selling at ProFrac In related news, major shareholder Farris Wilks purchased 338,756 shares of ProFrac stock in a transaction dated Wednesday, February 26th.
The shares were bought at an average cost of $6.93 per share, for a total transaction of $2,347,579.08.
Following the purchase, the insider now owns 1,316,534 shares in the company, valued at approximately $9,123,580.62. This trade represents a 34.
65 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Company insiders own 2.
93% of the company’s stock. Hedge Funds Weigh In On ProFrac ProFrac Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for ProFrac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProFrac and related companies with MarketBeat.
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