Keane Group Inc (NYSE:FRAC) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 5,237,400 shares, a growth of 19.2% from the June 30th total of 4,392,900 shares. Currently, 12.1% of the shares of the stock are sold short. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is presently 3.7 days.

FRAC stock traded down $0.30 during trading on Wednesday, hitting $5.01. 1,542,395 shares of the stock traded hands, compared to its average volume of 1,060,020. Keane Group has a one year low of $4.91 and a one year high of $14.04. The stock has a market cap of $561.12 million, a PE ratio of 5.45 and a beta of 1.29. The stock has a 50 day moving average of $6.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.56.

Keane Group (NYSE:FRAC) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. As a group, research analysts forecast that Keane Group will post -0.07 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. First Quadrant L P CA acquired a new stake in Keane Group in the 2nd quarter valued at about $933,000. Geode Capital Management LLC increased its position in Keane Group by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 491,097 shares of the company’s stock valued at $4,017,000 after acquiring an additional 23,143 shares in the last quarter. K.J. Harrison & Partners Inc increased its position in Keane Group by 33.3% in the 1st quarter. K.J. Harrison & Partners Inc now owns 24,000 shares of the company’s stock valued at $261,000 after acquiring an additional 6,000 shares in the last quarter. Bank of America Corp DE increased its position in Keane Group by 9.1% in the 4th quarter. Bank of America Corp DE now owns 202,836 shares of the company’s stock valued at $1,660,000 after acquiring an additional 16,910 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Keane Group in the 1st quarter valued at about $150,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

A number of equities analysts have recently commented on FRAC shares. ValuEngine raised shares of Keane Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. AltaCorp Capital reissued a “sector perform” rating on shares of Keane Group in a report on Thursday, June 20th. TheStreet downgraded shares of Keane Group from a “c-” rating to a “d+” rating in a report on Monday, June 3rd. Finally, Zacks Investment Research downgraded shares of Keane Group from a “buy” rating to a “hold” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.77.

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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