Keane Group Inc (NYSE:FRAC) has been given a consensus rating of “Buy” by the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.00.
FRAC has been the topic of a number of analyst reports. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, March 5th. Jefferies Financial Group raised Keane Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, March 15th. Goldman Sachs Group initiated coverage on Keane Group in a report on Sunday, March 10th. They set a “neutral” rating and a $12.00 price objective on the stock. Piper Jaffray Companies set a $17.00 price objective on Keane Group and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, R. F. Lafferty reissued a “buy” rating and set a $26.00 price objective on shares of Keane Group in a report on Tuesday, February 26th.
In other Keane Group news, insider James Carl Stewart sold 108,304 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $10.30, for a total value of $1,115,531.20. Following the completion of the sale, the insider now owns 260,027 shares in the company, valued at approximately $2,678,278.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory Powell sold 43,271 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $10.57, for a total value of $457,374.47. Following the completion of the sale, the chief financial officer now owns 215,874 shares of the company’s stock, valued at approximately $2,281,788.18. The disclosure for this sale can be found here. Insiders sold a total of 189,933 shares of company stock worth $1,977,199 in the last ninety days. Insiders own 0.64% of the company’s stock.
Shares of FRAC traded down $0.18 during midday trading on Wednesday, reaching $11.70. 349,500 shares of the stock were exchanged, compared to its average volume of 775,424. Keane Group has a 12-month low of $7.44 and a 12-month high of $16.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.34. The company has a market capitalization of $1.24 billion, a PE ratio of 12.72 and a beta of 1.17.
Keane Group (NYSE:FRAC) last issued its quarterly earnings data on Monday, February 25th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The business had revenue of $486.55 million for the quarter, compared to analyst estimates of $489.87 million. Keane Group had a return on equity of 20.19% and a net margin of 2.78%. On average, equities research analysts expect that Keane Group will post -0.15 earnings per share for the current fiscal year.
Keane Group Company Profile
Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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