ProFrac: Rising Pressure [Seeking Alpha]
ProFrac Holding Corp. - Class A (ACDC)
Company Research
Source: Seeking Alpha
9min Summary Macro uncertainty and muted onshore activity continue to weigh on ProFrac Holding Corp.'s stock. This situation is made particularly precarious by ProFrac's large debt position and high interest costs. While ProFrac is trying to contain costs, and expects increased activity later in the year, the oilfield services market continues to look soft. ProFrac's valuation could prove low if the demand environment improves and ProFrac can reduce its debt. There is a significant risk that a further deterioration in demand will prevent existing shareholders from realizing this potential value, though. FreezeFrames/iStock via Getty Images ProFrac Holding Corp.'s NASDAQ: ACDC ) share price continues to struggle due to macro uncertainty, muted onshore activity in the US and high fixed costs. The last time I wrote about ProFrac , I suggested that improved cash flows and a stronger balance sheet would be supportive of the stock price, but that macro conditions remained a
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High impacting ProFrac Holding Corp. - Class A news events
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ACDC
News
- ProFrac Holding Corp. (NASDAQ: ACDC) was downgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating. They now have a $7.00 price target on the stock.MarketBeat
- 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
ACDC
Earnings
- 5/9/24 - Beat
ACDC
Sec Filings
- 11/27/24 - Form 4
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- ACDC's page on the SEC website