Keane Group Inc (NYSE:FRAC) saw a significant increase in short interest during 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. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is presently 3.7 days. Approximately 12.1% of the shares of the stock are short sold.

A number of hedge funds and other institutional investors have recently modified their holdings of FRAC. Envestnet Asset Management Inc. bought a new position in Keane Group during the second quarter valued at approximately $68,000. Point72 Hong Kong Ltd boosted its stake in shares of Keane Group by 266.9% during the second quarter. Point72 Hong Kong Ltd now owns 11,307 shares of the company’s stock valued at $76,000 after purchasing an additional 8,225 shares during the period. Legal & General Group Plc boosted its stake in shares of Keane Group by 11.2% during the fourth quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock valued at $80,000 after purchasing an additional 986 shares during the period. Aperio Group LLC purchased a new stake in shares of Keane Group during the second quarter valued at approximately $81,000. Finally, Bbva USA Bancshares Inc. boosted its stake in shares of Keane Group by 22.6% during the second quarter. Bbva USA Bancshares Inc. now owns 18,425 shares of the company’s stock valued at $124,000 after purchasing an additional 3,400 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Keane Group from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet cut shares of Keane Group from a “c-” rating to a “d+” rating in a research report on Monday, June 3rd. Finally, AltaCorp Capital restated a “sector perform” rating on shares of Keane Group in a research report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.77.

NYSE FRAC traded up $0.04 on Thursday, reaching $5.05. 1,400,200 shares of the company’s stock traded hands, compared to its average volume of 1,062,187. Keane Group has a 12 month low of $4.86 and a 12 month high of $13.95. The company has a current ratio of 1.56, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average price of $6.07. The firm has a market cap of $557.99 million, a PE ratio of 5.49 and a beta of 1.29.

Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. Keane Group had a net margin of 0.53% and a return on equity of 7.21%. The business had revenue of $427.70 million for the quarter, compared to analysts’ expectations of $413.63 million. During the same period last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 26.1% on a year-over-year basis. On average, equities analysts predict that Keane Group will post -0.07 EPS for the current fiscal year.

Keane Group Company Profile

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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