Keane Group, Inc. (FRAC): We’ve Only Just Begun

The stock of Keane Group, Inc. (NYSE:FRAC) has been Downgraded to Hold from Buy by R. F. Lafferty in its latest research note that was published on September 09. FRAC was given a price target of $12 by R. F. Lafferty, with other Wall Street analysts also giving their reports regarding the stock. Jefferies analysts bumped their recommendation on FRAC stock from Hold to Buy in a separate flash note to investors on March 15.

Keane Group, Inc., which has current market capitalization of above $644 Million, published its last quarter earnings on June 30, 2019.

FRAC surged by $0.01 during the normal trading session on Thursday and reaching a high of $6.23 during the day while it closed the day at $6.14. The Keane stock had a high trading volume of 2.68 million shares on that day, which is high compared to the average daily volume of 1.70M shares. FRAC has also gained 12.87% of its value over the past 7 days. However, the stock has declined by 17.47% in the 3 months of the year. Over the past six months meanwhile, it has lost 38.60% while it has lost 24.94% 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 -22.47% from its 3 months high price. However, taking another look at FRAC will indicate that it is trading +30.92% away from its 90-day low. Looking at the bigger picture, the Keane Group, Inc. stock has dropped by -55.86% from its 52-week high while it has surged by +30.92% 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 $1290694.

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 61.97%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 86.05%. Over the past 20 days, Keane’s Stochastic %K stood at 86.09% while its Stochastic %D was revealed to be 89.17%.