ValuEngine upgraded shares of Keane Group (NYSE:FRAC) from a sell rating to a hold rating in a research report released on Thursday, ValuEngine reports.
A number of other equities analysts also recently issued reports on the company. TheStreet downgraded Keane Group from a c- rating to a d+ rating in a research report on Monday, June 3rd. AltaCorp Capital reaffirmed a sector perform rating on shares of Keane Group in a research report on Thursday, June 20th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $15.77.
NYSE:FRAC traded down $0.10 during trading hours on Thursday, reaching $5.62. The company’s stock had a trading volume of 2,621,263 shares, compared to its average volume of 1,674,743. The stock has a market cap of $659.60 million, a P/E ratio of 6.11 and a beta of 1.29. Keane Group has a 12 month low of $4.96 and a 12 month high of $14.55. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The firm has a 50 day simple moving average of $6.52.
Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $427.70 million for the quarter, compared to the consensus estimate of $413.63 million. Keane Group had a return on equity of 7.12% and a net margin of 0.53%. The business’s quarterly revenue was down 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, analysts expect that Keane Group will post -0.11 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Keane Group by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 491,097 shares of the company’s stock valued at $4,017,000 after buying an additional 23,143 shares during the last quarter. K.J. Harrison & Partners Inc grew its holdings in shares of Keane Group by 33.3% during the first quarter. K.J. Harrison & Partners Inc now owns 24,000 shares of the company’s stock valued at $261,000 after buying an additional 6,000 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Keane Group by 9.1% during the fourth quarter. Bank of America Corp DE now owns 202,836 shares of the company’s stock valued at $1,660,000 after buying an additional 16,910 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Keane Group during the first quarter valued at $150,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Keane Group by 35.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 159,868 shares of the company’s stock valued at $1,308,000 after buying an additional 41,404 shares during the last quarter. 89.60% of the stock is currently owned by hedge funds and other institutional investors.
Keane Group Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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