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

FRAC stock traded down $0.01 during trading hours on Tuesday, hitting $5.31. The company’s stock had a trading volume of 1,661,800 shares, compared to its average volume of 1,055,982. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.56 and a quick ratio of 1.44. The stock has a market cap of $561.12 million, a P/E ratio of 5.77 and a beta of 1.29. Keane Group has a 12 month low of $4.96 and a 12 month high of $14.38. The stock has a 50 day moving average of $6.14.

Keane Group (NYSE:FRAC) last posted its earnings results on Monday, July 29th. The company reported $0.06 EPS for the quarter, topping 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 company’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, analysts predict that Keane Group will post -0.07 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its position in Keane Group by 11.2% in the fourth quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock worth $80,000 after acquiring an additional 986 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Keane Group in the second quarter worth approximately $68,000. BNP Paribas Arbitrage SA boosted its holdings 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 buying an additional 10,464 shares during the period. Aperio Group LLC bought a new stake in shares of Keane Group during the 2nd quarter worth $81,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Keane Group during the 1st quarter worth $150,000. 88.37% of the stock is owned by institutional investors.

FRAC has been the topic of several research reports. ValuEngine upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet lowered shares of Keane Group from a “c-” rating to a “d+” rating in a research note on Monday, June 3rd. AltaCorp Capital reiterated a “sector perform” rating on shares of Keane Group in a research note on Thursday, June 20th. Finally, Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Keane Group presently has a consensus rating of “Buy” and an average target price of $15.77.

About Keane Group

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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