ProFrac plunges as Morgan Stanley cuts to Sell equivalent [Seeking Alpha]
ProFrac Holding Corp. - Class A (ACDC)
Company Research
Source: Seeking Alpha
from $7, seeing outsized risk in North America completions revisions risk and more attractive risk-reward opportunities elsewhere. Morgan Stanley analyst Devin McDermott said he sees more downward revision risk for North America completions markets - ProFrac's core exposure - and the most risk in proppant markets where the company has outsized exposure, 25%-30% of long-term adjusted EBITDA vs. peers at 0-10%. On relative performance drivers, ProFrac ( ACDC ) screens in-line on free cash flow revisions, free cash flow yield, and bear case leverage, and less attractive on EBITDA revisions, TSR yield, EV/EBITDA, PT upside, risk-reward, and volatility, McDermott says. Beyond Q3, the analyst reiterates his preference for oilfield services stocks with international exposure over North America, including Baker Hughes ( BKR ) and SLB ( SLB Recommended For You Comments More Trending News Recommended For You More Trending News
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High impacting ProFrac Holding Corp. - Class A news events
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ACDC
News
- ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in ColoradoPR Newswire
- ProFrac Holding Corp. Reports Third Quarter 2024 ResultsPR Newswire
- ProFrac Holding Q3 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- ProFrac Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call SchedulePR Newswire
- ProFrac Holding Corp. (NASDAQ: ACDC) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating. They now have a $6.50 price target on the stock, down previously from $7.00.MarketBeat
ACDC
Earnings
- 5/9/24 - Beat
ACDC
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/2/24 - Form 3
- ACDC's page on the SEC website