Insider Selling: Keane Group (FRAC) Chairman Sells 5,200 Shares of Stock

Keane Group (NYSE:FRAC) Chairman James Carl Stewart sold 5,200 shares of Keane Group stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $16.01, for a total value of $83,252.00. Following the transaction, the chairman now owns 85,512 shares in the company, valued at approximately $1,369,047.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

James Carl Stewart also recently made the following trade(s):

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  • On Thursday, April 19th, James Carl Stewart sold 40,977 shares of Keane Group stock. The shares were sold at an average price of $16.01, for a total value of $656,041.77.

NYSE FRAC traded down $0.69 on Wednesday, reaching $14.90. The stock had a trading volume of 1,598,428 shares, compared to its average volume of 1,505,611. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.55 and a quick ratio of 1.42. Keane Group has a 1 year low of $12.42 and a 1 year high of $19.83. The company has a market capitalization of $1,773.45, a P/E ratio of 93.13, a price-to-earnings-growth ratio of 0.29 and a beta of -0.39.



Keane Group (NYSE:FRAC) last issued its earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Keane Group had a positive return on equity of 3.61% and a negative net margin of 2.30%. The firm had revenue of $501.49 million for the quarter, compared to the consensus estimate of $502.18 million. equities analysts anticipate that Keane Group will post 1.37 EPS for the current year.

A number of research analysts have recently weighed in on FRAC shares. Zacks Investment Research upgraded Keane Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, January 8th. Stephens started coverage on Keane Group in a report on Tuesday, January 9th. They set an “overweight” rating and a $24.00 price target on the stock. ValuEngine downgraded Keane Group from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Cowen started coverage on Keane Group in a report on Wednesday, February 7th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Scotiabank upgraded Keane Group from a “sector perform” rating to a “buy” rating in a report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $20.41.

Hedge funds and other institutional investors have recently modified their holdings of the business. PEAK6 Investments L.P. purchased a new position in Keane Group in the fourth quarter valued at about $215,000. Teacher Retirement System of Texas bought a new stake in shares of Keane Group during the 4th quarter worth about $216,000. MetLife Investment Advisors LLC bought a new stake in shares of Keane Group during the 4th quarter worth about $326,000. US Bancorp DE bought a new stake in shares of Keane Group during the 4th quarter worth about $381,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Keane Group during the 4th quarter worth about $391,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.

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Keane Group Company Profile

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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