Keane Group, Inc. (FRAC) Stock: Worthy of a Trade, Wary of an Investment

The stock of Keane Group, Inc. (NYSE:FRAC) has been Upgraded to Buy from Hold by Jefferies in its latest research note that was published on March 15. FRAC was given a price target of$12 by Jefferies, with other Wall Street analysts also giving their reports regarding the stock. Goldman, analysts launched coverage of FRAC stock with a Neutral rating, according to their flash note to investors on March 11. Analysts at R. F. Lafferty are sticking to their Buy recommendation. However, on February 26, they lifted target price for these shares to $19 from $26.Analysts at R. F. Lafferty, made their first call for the stock with a Buy rating, according to a research note that dated back to February 26.

Keane’s stock is covered by 17 analysts, with 5 of them rating the stock as Buy. It has been deemed to have strong buy by 6 of the analysts, 6 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 6 analysts. 7 of them rated it as strong buy with 5 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that FRAC has an average analyst rating of 2.06.

Keane Group, Inc., which has current market capitalization of above $568 Million, published its last quarter earnings on March 31, 2019. The company was able to amass $421.65 million in revenue. This figure is $7.8 million more than what analysts had expected which was $413.86 million. During the first quarter of the year, Keane also recorded $-0.13 earnings per share (EPS) which is $0.02 above the $-0.15 estimated by Thomson Reuter’s analyst, leading to a surprise factor of -12.4%.

FRAC surged by $0.02 during the normal trading session on Friday and reaching a high of $5.63 during the day while it closed the day at $5.32. The Keane stock had a high trading volume of 1.79 million shares on that day, which is high compared to the average daily volume of 1.42M shares. FRAC has also lost 5.34% of its value over the past 7 days. However, the stock has declined by 44.00% in the 3 months of the year. Over the past six months meanwhile, it has lost 46.26% while it has lost 34.96% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -46.53% from its 3 months high price. However, taking another look at FRAC will indicate that it is trading +7.26% away from its 90-day low. Looking at the bigger picture, the Keane Group, Inc. stock has dropped by -63.44% from its 52-week high while it has surged by +7.26% from its 52-week low price.

On March 06, 2019 Powell Gregory, President and CFO sold 94766 shares of the company. The average price for that transaction was $10.28 per share, which meant that Powell Gregory earned $974194.5 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Executive Chairman, STEWART JAMES CARL selling 108304 shares of this stock on March 06, 2019. The average selling price for the stock was $10.3 per share, with the sold stock accruing $1115531. Following this transaction, the Executive Chairman STEWART JAMES CARL now holds 207507 shares of the company, which is worth around $1164114.

Keane has around 117 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $223 Billion. The Keane stock is bringing in revenue of over 12 months, which is roughly 325 Billion. Despite all that, Keane Group, Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -27.52%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 12.16%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 18.09%. Over the past 20 days, Keane’s Stochastic %K stood at 26.9% while its Stochastic %D was revealed to be 27.52%.