Keane Group (FRAC) Chairman Sells $656,041.77 in Stock

Keane Group (NYSE:FRAC) Chairman James Carl Stewart sold 40,977 shares of Keane Group stock in a transaction that occurred on Thursday, April 19th. The stock was sold at an average price of $16.01, for a total transaction of $656,041.77. Following the completion of the transaction, the chairman now directly owns 106,312 shares in the company, valued at $1,702,055.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE FRAC opened at $15.73 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1,765.60, a price-to-earnings ratio of 98.31, a price-to-earnings-growth ratio of 0.29 and a beta of -0.39. Keane Group has a 12-month low of $12.42 and a 12-month high of $19.83.

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Keane Group (NYSE:FRAC) last posted its earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The firm had revenue of $501.49 million during the quarter, compared to analysts’ expectations of $502.18 million. Keane Group had a negative net margin of 2.30% and a positive return on equity of 3.61%. analysts anticipate that Keane Group will post 1.37 EPS for the current fiscal year.

FRAC has been the topic of several analyst reports. Piper Jaffray set a $23.00 target price on shares of Keane Group and gave the stock a “buy” rating in a research report on Monday, December 25th. Zacks Investment Research raised shares of Keane Group from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday, January 8th. Stephens initiated coverage on shares of Keane Group in a research report on Tuesday, January 9th. They set an “overweight” rating and a $24.00 price objective on the stock. ValuEngine downgraded shares of Keane Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, Cowen initiated coverage on shares of Keane Group in a research report on Wednesday, February 7th. They set an “outperform” rating and a $18.00 price objective on the stock. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.41.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Keane Group by 9.9% in the fourth quarter. BlackRock Inc. now owns 2,409,297 shares of the company’s stock valued at $45,800,000 after acquiring an additional 216,648 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Keane Group by 243.6% in the third quarter. Nationwide Fund Advisors now owns 114,849 shares of the company’s stock valued at $1,916,000 after acquiring an additional 81,419 shares during the last quarter. Swiss National Bank lifted its stake in Keane Group by 11.1% in the fourth quarter. Swiss National Bank now owns 57,200 shares of the company’s stock valued at $1,087,000 after acquiring an additional 5,700 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Keane Group by 11.9% in the fourth quarter. Macquarie Group Ltd. now owns 1,436,996 shares of the company’s stock valued at $27,317,000 after acquiring an additional 152,504 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Keane Group by 152.2% in the third quarter. JPMorgan Chase & Co. now owns 351,005 shares of the company’s stock valued at $5,858,000 after acquiring an additional 211,839 shares during the last quarter. Hedge funds and other institutional investors own 34.07% of the company’s stock.

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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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