Headlines about Keane Group (NYSE:FRAC) have been trending positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Keane Group earned a news sentiment score of 0.44 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1937033654745 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
A number of research firms recently issued reports on FRAC. Stephens began coverage on shares of Keane Group in a report on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 target price for the company. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, January 8th. Piper Jaffray Companies set a $23.00 target price on shares of Keane Group and gave the company a “buy” rating in a report on Monday, December 25th. Scotiabank upgraded shares of Keane Group from a “sector perform” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of Keane Group from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Keane Group presently has a consensus rating of “Buy” and a consensus price target of $20.05.
Shares of Keane Group (NYSE FRAC) opened at $16.51 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41. Keane Group has a 52 week low of $12.42 and a 52 week high of $19.83. The stock has a market cap of $1,850.00 and a P/E ratio of -43.45.
In other news, major shareholder Keane Investor Holdings Llc sold 13,321,753 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $18.25, for a total transaction of $243,121,992.25. Following the transaction, the insider now directly owns 58,917,686 shares of the company’s stock, valued at $1,075,247,769.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elmer Dale Reed sold 6,941 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $15.89, for a total transaction of $110,292.49. Following the transaction, the director now directly owns 24,308 shares in the company, valued at $386,254.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,326,956 shares of company stock valued at $279,700,566.
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.