Keane Group Inc (NYSE:FRAC) has received an average recommendation of “Buy” from the eighteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.00.
Several research firms have commented on FRAC. ValuEngine cut Keane Group from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. TheStreet upgraded Keane Group from a “d+” rating to a “c-” rating in a research note on Thursday, April 18th. Jefferies Financial Group upgraded Keane Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, March 15th. Zacks Investment Research cut Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Goldman Sachs Group began coverage on Keane Group in a research note on Sunday, March 10th. They issued a “neutral” rating and a $12.00 target price on the stock.
In related news, insider James Carl Stewart sold 108,304 shares of the business’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 transaction of $1,115,531.20. Following the transaction, the insider now directly owns 260,027 shares of the company’s stock, valued at approximately $2,678,278.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Paul M. Jr. Debonis sold 38,358 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $10.54, for a total value of $404,293.32. Following the transaction, the chairman now directly owns 105,156 shares in the company, valued at $1,108,344.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,933 shares of company stock worth $1,977,199. Company insiders own 0.51% of the company’s stock.
NYSE:FRAC opened at $10.65 on Friday. Keane Group has a fifty-two week low of $7.44 and a fifty-two week high of $16.95. The company has a current ratio of 1.51, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.11 billion, a PE ratio of 11.58 and a beta of 1.12.
Keane Group (NYSE:FRAC) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The business had revenue of $421.70 million for the quarter, compared to analysts’ expectations of $412.79 million. Keane Group had a return on equity of 20.19% and a net margin of 2.78%. Keane Group’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. As a group, equities analysts expect that Keane Group will post -0.14 EPS 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. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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