What Happened?
Shares of hydraulic fracturing services provider ProFrac (NASDAQ: ACDC) jumped 4.7% in the afternoon session after an analyst at Piper Sandler raised the firm's price target on the company's shares to $6 from $5.
Despite the higher target, the firm maintained a Neutral rating on the stock. The analyst, Derek Podhaizer, pointed to a positive setup for the energy sector. The note highlighted that an "Energy Security theme" dominated management discussions during the first-quarter earnings season. This positive outlook is supported by progress across U.S. Land, International, and Offshore energy markets, which are all showing signs of improvement.
After the initial pop the shares cooled down to $8.16, up 4.5% from previous close.
Is now the time to buy ProFrac? Access our full analysis report here, it’s free.
What Is The Market Telling Us
ProFrac’s shares are extremely volatile and have had 63 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 4.6% as crude oil pushed back above $100 a barrel, with Brent near $111 and WTI close to $108.
The move followed fresh comments from President Trump that "the Clock is Ticking" for Iran, a drone attack on the UAE's Barakah nuclear plant over the weekend, and the continued closure of the Strait of Hormuz, a chokepoint that normally carries about 20% of the world's oil. The Energy Select Sector SPDR Fund (XLE) gained roughly 2.4%, with Exxon, Chevron and ConocoPhillips leading. Supply data added to the squeeze: U.S. crude inventories fell 4.3 million barrels in early May, dropping below the five-year average, while natural gas futures jumped. The risk for investors remained symmetrical as any de-escalation could reverse the move just as quickly.
ProFrac is up 102% since the beginning of the year, but at $8.16 per share, it is still trading 22.5% below its 52-week high of $10.53 from June 2025. Investors who bought $1,000 worth of ProFrac’s shares at the IPO in May 2022 would now be looking at an investment worth $450.58.
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
