Keane Group Inc (NYSE:FRAC) Receives Average Recommendation of “Buy” from Brokerages

Keane Group Inc (NYSE:FRAC) has earned a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.70.

FRAC has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Keane Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. AltaCorp Capital restated a “sector perform” rating on shares of Keane Group in a report on Thursday, June 20th. ValuEngine upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, TheStreet cut shares of Keane Group from a “c-” rating to a “d+” rating in a report on Monday, June 3rd.

Shares of FRAC traded up $0.26 on Tuesday, hitting $5.31. 1,359,200 shares of the stock traded hands, compared to its average volume of 2,071,117. The company has a market capitalization of $530.17 million, a PE ratio of 5.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.56. The business has a 50 day simple moving average of $5.99 and a 200 day simple moving average of $8.85. Keane Group has a one year low of $4.86 and a one year high of $13.95.

Keane Group (NYSE:FRAC) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. The company had revenue of $427.70 million during the quarter, compared to the consensus estimate of $413.63 million. Keane Group had a net margin of 0.53% and a return on equity of 7.21%. The firm’s quarterly revenue was down 26.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. On average, equities analysts expect that Keane Group will post -0.09 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of FRAC. Legal & General Group Plc boosted its stake in shares of Keane Group by 11.2% during the 4th quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock worth $80,000 after acquiring an additional 986 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Keane Group during the 2nd quarter worth $68,000. Point72 Hong Kong Ltd boosted its stake in shares of Keane Group by 266.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 11,307 shares of the company’s stock worth $76,000 after acquiring an additional 8,225 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Keane Group by 933.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,585 shares of the company’s stock worth $126,000 after acquiring an additional 10,464 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Keane Group during the 2nd quarter worth $81,000. Institutional investors own 88.37% of the company’s stock.

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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Analyst Recommendations for Keane Group (NYSE:FRAC)

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