ProFrac Holding downgraded by Morgan Stanley with a new price target
$ACDC
Oilfield Services/Equipment
Energy
Morgan Stanley downgraded ProFrac Holding from Equal-Weight to Underweight and set a new price target of $6.50 from $7.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $7.00 → $6.50 | Equal-Weight → Underweight | Morgan Stanley |
| 10/11/2024 | $7.00 | Buy → Hold | Stifel |
| 1/2/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/17/2023 | $18.00 → $14.00 | Overweight → Equal-Weight | Morgan Stanley |
| 5/11/2023 | $15.00 | Overweight → Neutral | JP Morgan |
WILLOW PARK, Texas, Nov. 5, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its third quarter ended September 30, 2024. Third Quarter 2024 Results Total revenue was $575.3 million compared to second quarter revenue of $579.4 millionNet loss was $43.5 million compared to net loss of $65.6 million in the second quarterAdjusted EBITDA(1) was $134.8 million compared to $135.6 million in the second quarterNet cash provided by operating activities was $98.0 million compared to $113.5 million in the second quarterCapital expenditures totaled $70.0 millionFree cash flow(2) was $30.9 millionMatt Wilks, ProFr
WILLOW PARK, Texas, Oct. 25, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac" or the "Company") announced today that it will report its third quarter 2024 financial results prior to the Company's conference call, which will be broadcast live over the Internet, on Tuesday, November 5, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central. When: Tuesday, November 5, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 412-902-0030 and asking for the ProFrac Holding Corp. call at least 10 minutes prior to the start time, or Live over the Internet – By logging onto the web at the address below. Where: https://ir.pfholdingscorp.com/news-events/ir-calen
WILLOW PARK, Texas, Aug. 8, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its second quarter ended June 30, 2024. Second Quarter 2024 Results Total revenue was $579.4 million compared to first quarter revenue of $581.5 millionNet loss was $65.6 million compared to net income of $3.0 million in the first quarterAdjusted EBITDA(1) was $135.6 million compared to $159.7 million in the first quarterNet cash provided by operating activities grew approximately 43% sequentially over the first quarter to $113.5 millionCapital expenditures totaled $61.9 millionFree cash flow(2) grew 187% sequentially to $74
4 - ProFrac Holding Corp. (0001881487) (Issuer)
4 - ProFrac Holding Corp. (0001881487) (Issuer)
4 - ProFrac Holding Corp. (0001881487) (Issuer)
3 - ProFrac Holding Corp. (0001881487) (Issuer)
4 - ProFrac Holding Corp. (0001881487) (Issuer)
4 - ProFrac Holding Corp. (0001881487) (Issuer)
Morgan Stanley downgraded ProFrac Holding from Equal-Weight to Underweight and set a new price target of $6.50 from $7.00 previously
Stifel downgraded ProFrac Holding from Buy to Hold and set a new price target of $7.00
Seaport Research Partners downgraded ProFrac Holding from Buy to Neutral
SC 13D/A - ProFrac Holding Corp. (0001881487) (Subject)
SC 13D/A - ProFrac Holding Corp. (0001881487) (Subject)
10-Q - ProFrac Holding Corp. (0001881487) (Filer)
8-K - ProFrac Holding Corp. (0001881487) (Filer)
8-K - ProFrac Holding Corp. (0001881487) (Filer)
Innovative Collaboration Aims to Set New Standards in Emissions Reduction and Efficiency WILLOW PARK, Texas, Nov. 12, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") is proud to announce its partnership with Prairie Operating Co. (NASDAQ:PROP) ("Prairie") to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3,000 HHP single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified. ProFrac anticipates initial frac operations under the new partnership will commence on Prairie's recently drilled 8-well Shelduck pad in Weld County, CO. "This pa
HOUSTON, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (NASDAQ:PROP) (the "Company" or "Prairie") is proud to announce its partnership with ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac") to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3000 HHP Single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified. Prairie anticipates initial frac operations under the new partnership will commence on the Company's recently drilled 8-well Shelduck pad in Weld County, CO. "This partnership represents a significant step forward in our commitment to emiss
WILLOW PARK, Texas, Nov. 5, 2024 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:ACDC) ("ProFrac", or the "Company") today announced financial and operational results for its third quarter ended September 30, 2024. Third Quarter 2024 Results Total revenue was $575.3 million compared to second quarter revenue of $579.4 millionNet loss was $43.5 million compared to net loss of $65.6 million in the second quarterAdjusted EBITDA(1) was $134.8 million compared to $135.6 million in the second quarterNet cash provided by operating activities was $98.0 million compared to $113.5 million in the second quarterCapital expenditures totaled $70.0 millionFree cash flow(2) was $30.9 millionMatt Wilks, ProFr
B of A Securities analyst Chase Mulvehill maintains ProFrac Holding (NASDAQ:ACDC) with a Neutral and lowers the price target from $9.5 to $8.5.
Piper Sandler analyst Luke Lemoine maintains ProFrac Holding (NASDAQ:ACDC) with a Overweight and lowers the price target from $11 to $9.