Favorable Media Coverage Somewhat Unlikely to Affect Keane Group (NYSE:FRAC) Stock Price

News stories about Keane Group (NYSE:FRAC) have been trending positive on Friday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Keane Group earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.9052156182051 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of Keane Group (NYSE:FRAC) opened at $17.96 on Friday. Keane Group has a 1 year low of $12.42 and a 1 year high of $22.93. The company has a current ratio of 1.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60.

Keane Group (NYSE:FRAC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative net margin of 9.90% and a negative return on equity of 19.19%. Keane Group’s revenue was up 47.7% compared to the same quarter last year. equities analysts predict that Keane Group will post 0.07 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on FRAC shares. Jefferies Group dropped their price target on Keane Group from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Stephens assumed coverage on Keane Group in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 price target on the stock. BidaskClub cut Keane Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Barclays raised Keane Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, October 4th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.20.

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About Keane Group

Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.

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