Keane Group (NYSE:FRAC) Trading Up 5.1%

Keane Group Inc (NYSE:FRAC)’s share price was up 5.1% during trading on Friday . The company traded as high as $5.34 and last traded at $5.31, approximately 1,359,233 shares were traded during mid-day trading. An increase of 28% from the average daily volume of 1,064,067 shares. The stock had previously closed at $5.05.

A number of equities analysts have commented on FRAC shares. TheStreet lowered Keane Group from a “c-” rating to a “d+” rating in a research note on Monday, June 3rd. Zacks Investment Research lowered Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday. AltaCorp Capital reissued a “sector perform” rating on shares of Keane Group in a research note on Thursday, June 20th. Finally, ValuEngine raised Keane Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.77.

The company has a market cap of $530.15 million, a P/E ratio of 5.77 and a beta of 1.29. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $8.85.



Keane Group (NYSE:FRAC) last released its earnings results on Monday, July 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $427.70 million during the quarter, compared to the consensus estimate of $413.63 million. Keane Group had a return on equity of 7.21% and a net margin of 0.53%. The firm’s quarterly revenue was down 26.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. As a group, sell-side analysts expect that Keane Group Inc will post -0.07 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in Keane Group in the second quarter valued at about $933,000. Geode Capital Management LLC increased its holdings in Keane Group by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 491,097 shares of the company’s stock valued at $4,017,000 after purchasing an additional 23,143 shares during the last quarter. K.J. Harrison & Partners Inc increased its holdings in Keane Group by 33.3% in the first quarter. K.J. Harrison & Partners Inc now owns 24,000 shares of the company’s stock valued at $261,000 after purchasing an additional 6,000 shares during the last quarter. Bank of America Corp DE increased its holdings in Keane Group by 9.1% in the fourth quarter. Bank of America Corp DE now owns 202,836 shares of the company’s stock valued at $1,660,000 after purchasing an additional 16,910 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new stake in Keane Group in the first quarter valued at about $150,000. Institutional investors own 88.37% of the company’s stock.

Keane Group Company Profile (NYSE:FRAC)

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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