Keane Group (FRAC) Earning Positive Press Coverage, Study Shows

News headlines about Keane Group (NASDAQ:FRAC) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. 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 media sentiment score of 0.39 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0789082142136 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Keane Group (NASDAQ FRAC) traded up 1.11% on Friday, reaching $15.52. The company had a trading volume of 670,363 shares. The stock’s market capitalization is $1.74 billion. Keane Group has a 12-month low of $12.70 and a 12-month high of $22.93. The stock’s 50-day moving average price is $14.04 and its 200-day moving average price is $14.04.

Keane Group (NASDAQ:FRAC) last issued its quarterly earnings data on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $323.10 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 34.5% compared to the same quarter last year. On average, equities research analysts anticipate that Keane Group will post $0.07 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 target price on shares of Keane Group in a report on Tuesday. BidaskClub raised Keane Group from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. J P Morgan Chase & Co lifted their target price on Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, September 12th. Citigroup Inc. downgraded Keane Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $14.00 in a report on Wednesday, August 30th. Finally, Scotiabank set a $21.00 target price on Keane Group and gave the stock a “hold” rating in a report on Tuesday, August 1st. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Keane Group presently has an average rating of “Buy” and a consensus price target of $20.94.

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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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