Favorable Media Coverage Somewhat Unlikely to Affect Keane Group (FRAC) Share Price

Share on StockTwits

News articles about Keane Group (NYSE:FRAC) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Keane Group earned a news sentiment score of 0.42 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.1043411078079 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern’s analysis:

A number of research firms recently weighed in on FRAC. Citigroup reissued a “buy” rating and set a $19.00 target price (up from $18.00) on shares of Keane Group in a report on Tuesday, May 8th. Piper Jaffray Companies set a $22.00 target price on Keane Group and gave the stock a “buy” rating in a report on Monday, March 19th. BMO Capital Markets raised Keane Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Tuesday, April 10th. ValuEngine upgraded Keane Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Finally, Barclays set a $18.00 price target on Keane Group and gave the company a “hold” rating in a research note on Monday, May 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Keane Group has an average rating of “Buy” and a consensus target price of $21.03.

Shares of NYSE:FRAC traded down $0.53 during trading on Monday, reaching $13.22. 34,318 shares of the company traded hands, compared to its average volume of 1,513,691. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 82.56, a PEG ratio of 0.26 and a beta of -0.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.54. Keane Group has a 52 week low of $12.51 and a 52 week high of $19.83.

Keane Group (NYSE:FRAC) last released its earnings results on Wednesday, May 2nd. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $513.00 million for the quarter, compared to the consensus estimate of $500.02 million. Keane Group had a net margin of 1.57% and a return on equity of 13.67%. The business’s revenue was up 113.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.70) earnings per share. research analysts predict that Keane Group will post 1.32 EPS for the current fiscal year.

In related news, Chairman James Carl Stewart sold 40,977 shares of the company’s stock in a transaction 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 sale, the chairman now directly owns 106,312 shares in the company, valued at approximately $1,702,055.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Paul M. Jr. Debonis sold 10,936 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $16.91, for a total value of $184,927.76. Following the sale, the chief operating officer now owns 33,367 shares of the company’s stock, valued at $564,235.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,586 shares of company stock valued at $2,533,680. Corporate insiders own 0.64% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Keane Group (NYSE:FRAC)

Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply