Keane Group Inc (NYSE:FRAC) shares were up 5.6% on Monday . The company traded as high as $5.16 and last traded at $5.10, approximately 1,549,300 shares were traded during trading. An increase of 29% from the average daily volume of 1,198,178 shares. The stock had previously closed at $4.83.
A number of equities research analysts have recently weighed in on FRAC shares. ValuEngine raised Keane Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. R. F. Lafferty downgraded Keane Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $12.00 in a research note on Monday, September 9th. Citigroup downgraded Keane Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $12.00 in a research note on Monday, September 9th. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Friday, October 11th. Finally, Wells Fargo & Co cut their price objective on Keane Group from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Keane Group has an average rating of “Buy” and a consensus price target of $12.47.
The stock has a 50 day moving average of $5.66 and a two-hundred day moving average of $7.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.56. The firm has a market capitalization of $535.42 million, a P/E ratio of 5.99 and a beta of 1.38.
Keane Group (NYSE:FRAC) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.11. Keane Group had a return on equity of 7.21% and a net margin of 0.53%. The business had revenue of $427.70 million for the quarter, compared to the consensus estimate of $413.63 million. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was down 26.1% compared to the same quarter last year. Sell-side analysts predict that Keane Group Inc will post -0.1 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp increased its position in Keane Group by 0.3% in the 2nd quarter. Northern Trust Corp now owns 611,776 shares of the company’s stock worth $4,112,000 after buying an additional 2,012 shares during the period. Strs Ohio grew its holdings in shares of Keane Group by 3.0% during the 3rd quarter. Strs Ohio now owns 91,700 shares of the company’s stock worth $555,000 after purchasing an additional 2,700 shares in the last quarter. Bbva USA Bancshares Inc. grew its holdings in shares of Keane Group by 22.6% during the 2nd quarter. Bbva USA Bancshares Inc. now owns 18,425 shares of the company’s stock worth $124,000 after purchasing an additional 3,400 shares in the last quarter. Stone Ridge Asset Management LLC grew its holdings in shares of Keane Group by 22.2% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 33,590 shares of the company’s stock worth $226,000 after purchasing an additional 6,100 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Keane Group by 266.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 11,307 shares of the company’s stock worth $76,000 after purchasing an additional 8,225 shares in the last quarter. 90.06% of the stock is currently owned by institutional investors.
About Keane Group (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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