Keane Group Inc (NYSE:FRAC) has earned an average rating of “Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.00.
Several equities research analysts have recently commented on the company. R. F. Lafferty reissued a “buy” rating and issued a $26.00 target price on shares of Keane Group in a research note on Tuesday, February 26th. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, March 5th. Piper Jaffray Companies set a $17.00 price objective on Keane Group and gave the stock a “buy” rating in a research note 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 for the company in a research note on Friday, March 15th. Finally, Goldman Sachs Group began coverage on Keane Group in a research note on Sunday, March 10th. They set a “neutral” rating and a $12.00 price objective for the company.
In related news, Chairman Paul M. Jr. Debonis sold 38,358 shares of Keane Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $10.54, for a total transaction of $404,293.32. Following the completion of the sale, the chairman now directly owns 105,156 shares of the company’s stock, valued at $1,108,344.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Powell sold 43,271 shares of Keane Group stock in a transaction 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 sale, the chief financial officer now directly owns 215,874 shares of the company’s stock, valued at $2,281,788.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,933 shares of company stock valued at $1,977,199. 0.64% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Stone Ridge Asset Management LLC acquired a new position in Keane Group in the fourth quarter valued at about $133,000. Bank of Montreal Can grew its stake in Keane Group by 8,067.6% in the fourth quarter. Bank of Montreal Can now owns 103,483 shares of the company’s stock valued at $847,000 after acquiring an additional 102,216 shares during the period. Vanguard Group Inc grew its stake in Keane Group by 0.8% in the third quarter. Vanguard Group Inc now owns 4,167,693 shares of the company’s stock valued at $51,555,000 after acquiring an additional 33,691 shares during the period. Teachers Advisors LLC grew its stake in Keane Group by 0.4% in the third quarter. Teachers Advisors LLC now owns 1,208,542 shares of the company’s stock valued at $14,950,000 after acquiring an additional 4,946 shares during the period. Finally, Algert Global LLC acquired a new position in Keane Group in the fourth quarter valued at about $976,000. 91.42% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE FRAC traded down $0.18 during midday trading on Wednesday, hitting $11.70. The stock had a trading volume of 349,500 shares, compared to its average volume of 775,424. The stock has a market capitalization of $1.24 billion, a P/E ratio of 12.72 and a beta of 1.17. Keane Group has a fifty-two week low of $7.44 and a fifty-two week high of $16.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.51.
Keane Group (NYSE:FRAC) last released its earnings results on Monday, February 25th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.10. The company had revenue of $486.55 million during the quarter, compared to analysts’ expectations of $489.87 million. Keane Group had a return on equity of 20.19% and a net margin of 2.78%. Equities research analysts forecast that Keane Group will post -0.15 earnings per share for the current fiscal year.
About Keane Group
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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