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

Press coverage about Keane Group (NASDAQ:FRAC) has been trending positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Keane Group earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.932940154706 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Keane Group (FRAC) traded down 0.99% on Wednesday, hitting $16.07. 187,415 shares of the stock were exchanged. The company has a 50-day moving average price of $15.60 and a 200 day moving average price of $15.60. The company’s market capitalization is $1.80 billion. Keane Group has a 1-year low of $12.42 and a 1-year high of $22.93.

Keane Group (NASDAQ:FRAC) last announced its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.06. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. The company’s revenue was up 34.5% on a year-over-year basis. Analysts anticipate that Keane Group will post $0.08 EPS for the current fiscal year.

A number of research firms have weighed in on FRAC. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, October 4th. BidaskClub raised Keane Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Jefferies Group LLC began coverage on Keane Group in a report on Thursday, October 5th. They set a “buy” rating and a $20.00 price objective on the stock. Citigroup Inc. set a $18.00 price objective on Keane Group and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, Barclays PLC began coverage on Keane Group in a report on Friday, October 6th. They set an “underweight” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.74.

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Keane Group Company Profile

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.

Insider Buying and Selling by Quarter for Keane Group (NASDAQ:FRAC)

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