Keane Group (NASDAQ:FRAC) Receiving Favorable Press Coverage, Report Finds
News coverage about Keane Group (NASDAQ:FRAC) has been trending positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Keane Group earned a daily sentiment score of 0.42 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.6710562507467 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Keane Group (NASDAQ FRAC) traded down 1.89% during trading on Friday, reaching $14.03. The company had a trading volume of 958,606 shares. The stock has a 50 day moving average of $15.36 and a 200-day moving average of $16.14. Keane Group has a 12 month low of $12.42 and a 12 month high of $22.93. The company’s market capitalization is $1.57 billion.
Keane Group (NASDAQ:FRAC) last issued its quarterly earnings data on Monday, July 31st. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.06. The business had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. Equities research analysts expect that Keane Group will post $0.10 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Scotiabank set a $21.00 price objective on Keane Group and gave the company a “hold” rating in a research note on Tuesday, August 1st. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Keane Group in a research note on Thursday, July 27th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.15 price objective (down from $17.00) on shares of Keane Group in a research note on Wednesday, July 12th. Iberia Capital assumed coverage on Keane Group in a research note on Friday, June 23rd. They issued an “outperform” rating and a $19.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $22.00 price objective (down from $25.00) on shares of Keane Group in a research note on Wednesday, June 21st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.38.
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About Keane Group
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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