One of the better US pumpers with respect to balance sheet. They are generating free cash flow. There is no catalyst to buy this stock. More reasons to own Canadian than any US pressure pumpers. Would sell this and buy Trican.
This is an example of a US Pressure pumping stock. He is strongly positive on the category. Keane has net cash and is doing a 100 million share buy back. It trades at 3.5 times EBITDA with a 15% free cash flow yield. There is a lock-up from their private equity sponsor but that comes off today or tomorrow and will have its effect for a short time. Because of the bad weather, focus on their forward-looking guidance.
US pure play on pressure pumping. Q4 was weak due to Christmas and Q1 due to cold weather. Next quarters outlook is very strong. Market remains tight. Free cash flow yield of 11%. Trading at 3.5 EBITDA. (Analysts’ price target is $22.35)
Keane Group Inc is a American stock, trading under the symbol FRAC-N on the New York Stock Exchange (FRAC). It is usually referred to as NYSE:FRAC or FRAC-N
In the last year, there was no coverage of Keane Group Inc published on Stockchase.
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In the last year, there was no coverage of Keane Group Inc published on Stockchase.
On 2019-10-30, Keane Group Inc (FRAC-N) stock closed at a price of $4.55.