Keane Group Inc (NYSE:FRAC) Short Interest Update
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.
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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