Stifel lowered the firm's price target on ProFrac Holding to $6 from $7 and keeps a Hold rating on the shares. Heading into 2025, the firm expects "more of the same" in the Oil Services world as well limited macro-catalysts for the stocks, the analyst tells investors.
| Energy Equipment & Services Industry | Energy Sector | Mr. Matthew D. Wilks CEO | NASDAQ (NGS) Exchange | 74319N100 CUSIP |
| US Country | 2,949 Employees | - Last Dividend | - Last Split | 13 May 2022 IPO Date |
ProFrac Holding Corp. is a technology-focused energy services holding company based in the United States, engaging primarily in the provision of a wide range of services and products to the upstream oil and natural gas sectors. The company, established in 2016 and with its headquarters in Willow Park, Texas, operates through three key segments: Stimulation Services, Manufacturing, and Proppant Production. This structured approach allows ProFrac to serve the exploration and production needs of unconventional oil and natural gas resources with efficiency and technological expertise.