Jim Cramer on ProFrac Holding: "I'm Really Anti the Oils Right Now"

ProFrac Holding Corp. (NASDAQ:ACDC) is one of the stocks Jim Cramer was asked about. A caller asked about the stock during the lightning round, and Cramer stated:

“No, no. This is fracking, and I’m really anti the oils right now. I think they’re all going lower. I do not want to touch them. I am so sorry.”

ProFrac Holding Corp. (NASDAQ:ACDC) provides hydraulic fracturing, well stimulation, and proppant production services for oil and gas exploration and production. In addition, the company manufactures high-horsepower pumps, valves, manifolds, and other equipment for energy operations. On October 17, Morgan Stanley analyst Daniel Kutz reduced the price target on the stock from $5 to $4.50, while maintaining an Underweight rating.

The price revision came as the firm is updating its price targets for stocks in the Energy Services & Equipment North America sector. The firm expects ProFrac Holding Corp.’s (NASDAQ:ACDC) Q3 results and its Q4 guidance to align with consensus, but noted potential risks to 2026 performance estimates.

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Disclosure: None. This article is originally published at Insider Monkey.