Favorable Press Coverage Somewhat Unlikely to Impact Keane Group (FRAC) Stock Price
Media headlines about Keane Group (NASDAQ:FRAC) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Keane Group earned a news sentiment score of 0.44 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.4592552556061 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Increased Earnings Estimates Seen for Keane (FRAC): Can It Move Higher? (finance.yahoo.com)
- FBR Capital Markets & Co. Acts as Sell-Side Advisor to RockPile Energy Services, LLC in its Acquisition by Keane Group, Inc. (marketwatch.com)
- BRIEF-Edelman & Guill Energy LP II reports 7.64 percent passive stake in Keane Group (reuters.com)
- Keane Group Inc’s Lock-Up Period Set To Expire on July 19th (NASDAQ:FRAC) (americanbankingnews.com)
- Keane Group’s (NASDAQ:FRAC) Buy Rating Reaffirmed at Piper Jaffray Companies (americanbankingnews.com)
FRAC has been the topic of a number of research analyst reports. R. F. Lafferty initiated coverage on shares of Keane Group in a research report on Wednesday, April 26th. They set a “buy” rating and a $22.00 price objective on the stock. Scotiabank set a $21.00 price objective on shares of Keane Group and gave the stock a “hold” rating in a research report on Thursday, May 4th. Nomura initiated coverage on shares of Keane Group in a research report on Wednesday, April 19th. They set a “neutral” rating and a $17.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and set a $22.00 price objective (down previously from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Finally, BMO Capital Markets initiated coverage on shares of Keane Group in a research report on Wednesday, April 12th. They set a “market perform” rating and a $17.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.38.
Shares of Keane Group (NASDAQ:FRAC) traded down 2.51% during trading on Tuesday, reaching $15.90. 888,989 shares of the company traded hands. The stock’s market capitalization is $1.64 billion. The firm’s 50 day moving average is $15.09 and its 200-day moving average is $16.42. Keane Group has a 12-month low of $12.42 and a 12-month high of $22.93.
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Keane Group Company Profile
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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