ProFrac Holding Corp., (PFHC) News
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PFHC News Highlights
- PFHC's 30 day story count now stands at 5.
- Over the past 25 days, the trend for PFHC's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- USWS and PR are the most mentioned tickers in articles about PFHC.
Latest PFHC News From Around the Web
Below are the latest news stories about PROFRAC HOLDING CORP that investors may wish to consider to help them evaluate PFHC as an investment opportunity.
ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") today announced that its Class A Common Stock will begin trading on NASDAQ under the ticker symbol "ACDC" prior to market open on November 2, 2022. This will replace the Company's current ticker symbol, "PFHC," which has been used since its initial public offering in May 2022. No action by the Company's shareholders is required with respect to the ticker symbol change. The Company's Class A Common Stock will continue to be listed
ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") announced today that it has closed on its acquisition of U.S. Well Services, Inc. (NASDAQ: USWS) ("USWS") in a stock-for-stock merger transaction. As a result of this transaction, ProFrac issued an aggregate of approximately 12.9 million shares of the Company's Class A Common Stock to holders of USWS Class A Common Stock, USWS Series A Preferred Stock, USWS Equity Linked Convertible Notes, and USWS equity awards. The equity issued
ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") announced today that it will release its third quarter 2022 results on Thursday, November 10, 2022 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Friday, November 11, 2022 at 11:00 a.m. Eastern / 10:00 a.m. Central.
In the latest trading session, ProFrac Holding Corp. (PFHC) closed at $19.40, marking a +0.88% move from the previous day.
In a report released today, Connor Lynagh from Morgan Stanley maintained a Buy rating on ProFrac Holding Corp Class A (PFHC - Research Report), with a price target of $30.00. The company's shares closed last Friday at $16.01.According to TipRanks, Lynagh is an analyst with an average return of -3.8% and a 48.56% success rate. Lynagh covers the Industrial Goods sector, focusing on stocks such as Helmerich & Payne, Patterson-UTI, and Nextier Oilfield Solutions.The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ProFrac Holding Corp Class A with a $25.67 average price target.
Let’s talk about IPOs, the most common route for companies to enter the public trading markets. Last year, and the year before, saw record-breaking and record-setting numbers, in total number of public offerings, and in capital raised, but that blistering pace has slowed down this year. The first half of 2022 saw a mere 92 IPOs raise some $9 billion, and analysts are projecting that this year will see a total of 184 companies go public through initial offerings. For comparison, just the first quarter of 2021 saw 395 IPOs raise a total of $140 billion. The drop-off is clear.
ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") announced today that Matt Wilks, Executive Chairman, and Lance Turner, Chief Financial Officer, will be presenting at the Barclays 2022 CEO Energy-Power Conference in New York City on Wednesday, September 7, 2022, from 10:20 a.m. - 10:50 a.m. Eastern Daylight Time. The presentation will be broadcast live over the internet and can be accessed via the Company's website at https://ir.pfholdingscorp.com/news-events/ir-calendar.
Wall Street Analysts See a 42% Upside in ProFrac Holding Corp. (PFHC): Can the Stock Really Move This High?
The consensus price target hints at a 41.7% upside potential for ProFrac Holding Corp. (PFHC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
With me today are Matt Wilks, executive chairman; Ladd Wilks, chief executive officer; Lance Turner, chief financial officer; and Coy Randle, chief operating officer. Various risks and uncertainties and contingencies could cause actual results, performance or achievements to differ materially from those expressed in management's forward-looking statements.