Intrinsic value of Keane Group - FRAC

Previous Close

$11.72

  Intrinsic Value

$75.36

stock screener

  Rating & Target

str. buy

+543%

Previous close

$11.72

 
Intrinsic value

$75.36

 
Up/down potential

+543%

 
Rating

str. buy

We calculate the intrinsic value of FRAC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  2,467
  3,812
  5,701
  8,272
  11,670
  16,044
  21,535
  28,277
  36,386
  45,959
  57,070
  69,774
  84,101
  100,064
  117,657
  136,863
  157,655
  179,999
  203,858
  229,197
  255,982
  284,186
  313,788
  344,773
  377,138
  410,886
  446,031
  482,598
  520,619
  560,137
Variable operating expenses, $m
  2,108
  3,246
  4,845
  7,021
  9,898
  13,601
  18,250
  23,957
  30,821
  38,925
  48,312
  59,066
  71,194
  84,707
  99,600
  115,859
  133,460
  152,375
  172,572
  194,023
  216,697
  240,573
  265,632
  291,862
  319,260
  347,828
  377,580
  408,535
  440,721
  474,174
Fixed operating expenses, $m
  219
  224
  228
  233
  239
  244
  249
  255
  260
  266
  272
  278
  284
  290
  297
  303
  310
  317
  324
  331
  338
  345
  353
  361
  369
  377
  385
  394
  402
  411
Total operating expenses, $m
  2,327
  3,470
  5,073
  7,254
  10,137
  13,845
  18,499
  24,212
  31,081
  39,191
  48,584
  59,344
  71,478
  84,997
  99,897
  116,162
  133,770
  152,692
  172,896
  194,354
  217,035
  240,918
  265,985
  292,223
  319,629
  348,205
  377,965
  408,929
  441,123
  474,585
Operating income, $m
  141
  342
  627
  1,017
  1,533
  2,199
  3,037
  4,066
  5,305
  6,768
  8,487
  10,430
  12,623
  15,066
  17,760
  20,701
  23,885
  27,307
  30,962
  34,843
  38,947
  43,268
  47,803
  52,550
  57,509
  62,680
  68,066
  73,669
  79,495
  85,551
EBITDA, $m
  305
  586
  982
  1,522
  2,239
  3,162
  4,322
  5,748
  7,463
  9,489
  11,842
  14,533
  17,568
  20,950
  24,678
  28,748
  33,155
  37,891
  42,949
  48,320
  53,999
  59,978
  66,254
  72,823
  79,685
  86,841
  94,292
  102,046
  110,108
  118,487
Interest expense (income), $m
  0
  60
  127
  224
  361
  548
  794
  1,111
  1,510
  1,999
  2,587
  3,281
  4,087
  5,008
  6,047
  7,205
  8,481
  9,874
  11,381
  13,002
  14,732
  16,570
  18,512
  20,558
  22,704
  24,952
  27,299
  29,746
  32,295
  34,947
  37,704
Earnings before tax, $m
  81
  215
  403
  655
  985
  1,405
  1,925
  2,556
  3,306
  4,181
  5,206
  6,343
  7,615
  9,019
  10,555
  12,220
  14,011
  15,926
  17,960
  20,111
  22,377
  24,755
  27,245
  29,846
  32,558
  35,382
  38,320
  41,374
  44,548
  47,847
Tax expense, $m
  22
  58
  109
  177
  266
  379
  520
  690
  893
  1,129
  1,406
  1,713
  2,056
  2,435
  2,850
  3,299
  3,783
  4,300
  4,849
  5,430
  6,042
  6,684
  7,356
  8,058
  8,791
  9,553
  10,346
  11,171
  12,028
  12,919
Net income, $m
  59
  157
  294
  478
  719
  1,026
  1,405
  1,866
  2,413
  3,052
  3,800
  4,631
  5,559
  6,584
  7,705
  8,921
  10,228
  11,626
  13,111
  14,681
  16,335
  18,071
  19,889
  21,788
  23,767
  25,829
  27,973
  30,203
  32,520
  34,928

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,669
  2,579
  3,857
  5,597
  7,896
  10,855
  14,571
  19,132
  24,619
  31,095
  38,613
  47,208
  56,902
  67,702
  79,605
  92,600
  106,668
  121,785
  137,928
  155,072
  173,195
  192,278
  212,306
  233,270
  255,168
  278,001
  301,780
  326,521
  352,245
  378,983
Adjusted assets (=assets-cash), $m
  1,669
  2,579
  3,857
  5,597
  7,896
  10,855
  14,571
  19,132
  24,619
  31,095
  38,613
  47,208
  56,902
  67,702
  79,605
  92,600
  106,668
  121,785
  137,928
  155,072
  173,195
  192,278
  212,306
  233,270
  255,168
  278,001
  301,780
  326,521
  352,245
  378,983
Revenue / Adjusted assets
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
  1.478
Average production assets, $m
  725
  1,121
  1,676
  2,432
  3,431
  4,717
  6,331
  8,314
  10,698
  13,512
  16,779
  20,514
  24,726
  29,419
  34,591
  40,238
  46,351
  52,920
  59,934
  67,384
  75,259
  83,551
  92,254
  101,363
  110,878
  120,800
  131,133
  141,884
  153,062
  164,680
Working capital, $m
  67
  103
  154
  223
  315
  433
  581
  763
  982
  1,241
  1,541
  1,884
  2,271
  2,702
  3,177
  3,695
  4,257
  4,860
  5,504
  6,188
  6,912
  7,673
  8,472
  9,309
  10,183
  11,094
  12,043
  13,030
  14,057
  15,124
Total debt, $m
  601
  1,063
  1,712
  2,596
  3,764
  5,267
  7,155
  9,472
  12,259
  15,549
  19,368
  23,735
  28,659
  34,146
  40,193
  46,794
  53,940
  61,620
  69,820
  78,530
  87,736
  97,430
  107,604
  118,254
  129,378
  140,977
  153,057
  165,626
  178,694
  192,276
Total liabilities, $m
  848
  1,310
  1,959
  2,843
  4,011
  5,514
  7,402
  9,719
  12,506
  15,796
  19,615
  23,982
  28,906
  34,393
  40,440
  47,041
  54,187
  61,867
  70,067
  78,777
  87,983
  97,677
  107,851
  118,501
  129,625
  141,225
  153,304
  165,873
  178,941
  192,523
Total equity, $m
  821
  1,269
  1,898
  2,754
  3,885
  5,341
  7,169
  9,413
  12,112
  15,299
  18,998
  23,226
  27,996
  33,309
  39,166
  45,559
  52,481
  59,918
  67,861
  76,295
  85,212
  94,601
  104,454
  114,769
  125,542
  136,777
  148,476
  160,648
  173,305
  186,460
Total liabilities and equity, $m
  1,669
  2,579
  3,857
  5,597
  7,896
  10,855
  14,571
  19,132
  24,618
  31,095
  38,613
  47,208
  56,902
  67,702
  79,606
  92,600
  106,668
  121,785
  137,928
  155,072
  173,195
  192,278
  212,305
  233,270
  255,167
  278,002
  301,780
  326,521
  352,246
  378,983
Debt-to-equity ratio
  0.730
  0.840
  0.900
  0.940
  0.970
  0.990
  1.000
  1.010
  1.010
  1.020
  1.020
  1.020
  1.020
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
Adjusted equity ratio
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  59
  157
  294
  478
  719
  1,026
  1,405
  1,866
  2,413
  3,052
  3,800
  4,631
  5,559
  6,584
  7,705
  8,921
  10,228
  11,626
  13,111
  14,681
  16,335
  18,071
  19,889
  21,788
  23,767
  25,829
  27,973
  30,203
  32,520
  34,928
Depreciation, amort., depletion, $m
  164
  243
  354
  506
  705
  963
  1,286
  1,682
  2,159
  2,722
  3,356
  4,103
  4,945
  5,884
  6,918
  8,048
  9,270
  10,584
  11,987
  13,477
  15,052
  16,710
  18,451
  20,273
  22,176
  24,160
  26,227
  28,377
  30,612
  32,936
Funds from operations, $m
  223
  401
  649
  984
  1,425
  1,988
  2,691
  3,548
  4,572
  5,774
  7,156
  8,733
  10,504
  12,468
  14,623
  16,968
  19,498
  22,210
  25,098
  28,158
  31,387
  34,782
  38,340
  42,060
  45,943
  49,989
  54,200
  58,580
  63,133
  67,864
Change in working capital, $m
  25
  36
  51
  69
  92
  118
  148
  182
  219
  258
  300
  343
  387
  431
  475
  519
  561
  603
  644
  684
  723
  762
  799
  837
  874
  911
  949
  987
  1,027
  1,067
Cash from operations, $m
  198
  364
  598
  915
  1,333
  1,870
  2,543
  3,366
  4,353
  5,515
  6,856
  8,390
  10,117
  12,037
  14,148
  16,450
  18,937
  21,606
  24,453
  27,474
  30,664
  34,020
  37,541
  41,224
  45,069
  49,078
  53,251
  57,592
  62,106
  66,797
Maintenance CAPEX, $m
  -91
  -145
  -224
  -335
  -486
  -686
  -943
  -1,266
  -1,663
  -2,140
  -2,702
  -3,356
  -4,103
  -4,945
  -5,884
  -6,918
  -8,048
  -9,270
  -10,584
  -11,987
  -13,477
  -15,052
  -16,710
  -18,451
  -20,273
  -22,176
  -24,160
  -26,227
  -28,377
  -30,612
New CAPEX, $m
  -273
  -395
  -555
  -756
  -999
  -1,286
  -1,615
  -1,982
  -2,384
  -2,814
  -3,267
  -3,735
  -4,212
  -4,693
  -5,172
  -5,647
  -6,113
  -6,569
  -7,015
  -7,450
  -7,875
  -8,292
  -8,703
  -9,110
  -9,515
  -9,922
  -10,333
  -10,751
  -11,178
  -11,618
Cash from investing activities, $m
  -364
  -540
  -779
  -1,091
  -1,485
  -1,972
  -2,558
  -3,248
  -4,047
  -4,954
  -5,969
  -7,091
  -8,315
  -9,638
  -11,056
  -12,565
  -14,161
  -15,839
  -17,599
  -19,437
  -21,352
  -23,344
  -25,413
  -27,561
  -29,788
  -32,098
  -34,493
  -36,978
  -39,555
  -42,230
Free cash flow, $m
  -165
  -176
  -182
  -176
  -153
  -102
  -15
  117
  306
  562
  887
  1,300
  1,802
  2,399
  3,092
  3,885
  4,777
  5,767
  6,855
  8,037
  9,312
  10,676
  12,128
  13,663
  15,281
  16,980
  18,758
  20,615
  22,551
  24,567
Issuance/(repayment) of debt, $m
  318
  462
  649
  884
  1,168
  1,503
  1,888
  2,317
  2,787
  3,290
  3,819
  4,366
  4,924
  5,486
  6,047
  6,601
  7,146
  7,680
  8,201
  8,709
  9,206
  9,694
  10,174
  10,650
  11,124
  11,599
  12,080
  12,568
  13,068
  13,583
Issuance/(repurchase) of shares, $m
  249
  290
  335
  377
  412
  430
  423
  378
  286
  134
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  567
  752
  984
  1,261
  1,580
  1,933
  2,311
  2,695
  3,073
  3,424
  3,819
  4,366
  4,924
  5,486
  6,047
  6,601
  7,146
  7,680
  8,201
  8,709
  9,206
  9,694
  10,174
  10,650
  11,124
  11,599
  12,080
  12,568
  13,068
  13,583
Total cash flow (excl. dividends), $m
  402
  576
  802
  1,085
  1,428
  1,832
  2,295
  2,813
  3,379
  3,986
  4,706
  5,666
  6,726
  7,885
  9,139
  10,486
  11,923
  13,447
  15,056
  16,747
  18,518
  20,370
  22,302
  24,313
  26,405
  28,579
  30,838
  33,184
  35,619
  38,149
Retained Cash Flow (-), $m
  -308
  -448
  -629
  -856
  -1,131
  -1,456
  -1,828
  -2,244
  -2,699
  -3,187
  -3,699
  -4,229
  -4,769
  -5,314
  -5,857
  -6,393
  -6,921
  -7,438
  -7,942
  -8,435
  -8,916
  -9,389
  -9,854
  -10,314
  -10,774
  -11,234
  -11,699
  -12,172
  -12,657
  -13,155
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  94
  129
  173
  229
  296
  376
  467
  569
  680
  799
  1,007
  1,437
  1,957
  2,571
  3,283
  4,093
  5,002
  6,009
  7,113
  8,312
  9,602
  10,982
  12,448
  13,999
  15,632
  17,345
  19,139
  21,011
  22,963
  24,994
Discount rate, %
  4.60
  4.83
  5.07
  5.33
  5.59
  5.87
  6.16
  6.47
  6.80
  7.14
  7.49
  7.87
  8.26
  8.67
  9.11
  9.56
  10.04
  10.54
  11.07
  11.62
  12.21
  12.82
  13.46
  14.13
  14.84
  15.58
  16.36
  17.17
  18.03
  18.93
PV of cash for distribution, $m
  90
  117
  149
  186
  226
  267
  307
  344
  376
  401
  455
  579
  697
  802
  888
  949
  983
  989
  968
  922
  855
  774
  682
  587
  492
  402
  320
  248
  187
  138
Current shareholders' claim on cash, %
  83.8
  73.4
  66.4
  61.5
  58.1
  55.6
  53.9
  52.8
  52.1
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9
  51.9

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. It provides hydraulic fracturing and wireline services pursuant to contractual arrangements, such as term contracts and pricing agreements, or on a spot market basis. It provides certain complementary services such as coiled tubing, cementing and drilling pursuant to contractual arrangements, such as term contracts on a spot basis. Its primary services include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions, as well as other value-added service offerings. As of July 3, 2017, the Company had approximately 1.2 million hydraulic horsepower spread across 23 hydraulic fracturing fleets and 31 wireline trucks.

FINANCIAL RATIOS  of  Keane Group (FRAC)

Valuation Ratios
P/E Ratio -6.5
Price to Sales 2.9
Price to Book 7.5
Price to Tangible Book
Price to Cash Flow -22.4
Price to Free Cash Flow -15.7
Growth Rates
Sales Growth Rate 15%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -11.5%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio 10
Current Ratio 0
LT Debt to Equity 168.5%
Total Debt to Equity 171.6%
Interest Coverage 0
Management Effectiveness
Return On Assets -43.4%
Ret/ On Assets - 3 Yr. Avg. -27.6%
Return On Total Capital -50.9%
Ret/ On T. Cap. - 3 Yr. Avg. -31.9%
Return On Equity -154.5%
Return On Equity - 3 Yr. Avg. -91.5%
Asset Turnover 1
Profitability Ratios
Gross Margin 4.3%
Gross Margin - 3 Yr. Avg. 13.8%
EBITDA Margin -20.4%
EBITDA Margin - 3 Yr. Avg. -4.5%
Operating Margin -35.6%
Oper. Margin - 3 Yr. Avg. -18.6%
Pre-Tax Margin -44.4%
Pre-Tax Margin - 3 Yr. Avg. -24.6%
Net Profit Margin -44.4%
Net Profit Margin - 3 Yr. Avg. -24.6%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

FRAC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FRAC stock intrinsic value calculation we used $1542.081 million for the last fiscal year's total revenue generated by Keane Group. The default revenue input number comes from 0001 income statement of Keane Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FRAC stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.6%, whose default value for FRAC is calculated based on our internal credit rating of Keane Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Keane Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FRAC stock the variable cost ratio is equal to 85.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $214 million in the base year in the intrinsic value calculation for FRAC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 21.1% for Keane Group.

Corporate tax rate of 27% is the nominal tax rate for Keane Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FRAC stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FRAC are equal to 29.4%.

Life of production assets of 3.3 years is the average useful life of capital assets used in Keane Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FRAC is equal to 2.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $513.092 million for Keane Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 109.626 million for Keane Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Keane Group at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating
FRAC Keane Group 11.72 89.77  str.buy
RES RPC 13.44 49.09  str.buy
HAL Halliburton 32.45 1.60  str.sell
SPN Superior Energ 7.38 0.29  str.sell
SLB Schlumberger 48.08 40.68  sell
CJ C&J Energy Ser 18.02 3.84  str.sell
TUSK Mammoth Energy 25.23 107.28  str.buy
PTEN Patterson-UTI 15.09 3.74  str.sell

COMPANY NEWS

▶ Houston energy co. hires former Atwood Oceanics CEO as new chief executive   [Aug-20-18 08:57AM  American City Business Journals]
▶ Keane Group, Inc. to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ 6 Value Stocks For A Pricey Market: Leon Cooperman   [Jul-26-18 01:30PM  Investopedia]
▶ Keane Provides Update on Recent Incident   [Jul-03-18 08:00AM  Business Wire]
▶ Keane Announces New Credit Facility   [May-29-18 04:30PM  Business Wire]
▶ Certain of Keane's Executives Adopt 10b5-1 Trading Plan   [Mar-23-18 04:30PM  Business Wire]
▶ 5 Incredible Top-Ranked Stocks Under $20 On Sale   [Feb-20-18 12:30PM  InvestorPlace]
▶ Wall Streets Forecasts for NOV ahead of 4Q17 Earnings   [Jan-26-18 07:30AM  Market Realist]
▶ Stocks Showing Improved Relative Strength: Keane   [Jan-12-18 03:00AM  Investor's Business Daily]
▶ Short Interest in Schlumberger on January 2   [Jan-09-18 09:03AM  Market Realist]
▶ Oil Prices Rise Amid U.S. Storm and Protests in Iran   [Jan-04-18 11:34AM  TheStreet.com]
▶ Year in Review: Houston had most IPOs of any Texas city in 2017   [Dec-29-17 09:21AM  American City Business Journals]
▶ Keane to Present at Barclays CEO Energy-Power Conference   [Aug-29-17 04:15PM  Business Wire]
▶ ETFs with exposure to Keane Group, Inc. : June 15, 2017   [Jun-15-17 02:00PM  Capital Cube]
▶ These Stocks Are Changing Direction   [May-22-17 01:00PM  TheStreet.com]
▶ Houston-based energy services co. buys Colorado fracking co. after recent IPO   [May-19-17 01:55PM  American City Business Journals]
▶ Colorado fracking company to be sold to Texas firm for $285 million   [May-18-17 07:55PM  American City Business Journals]
▶ ETFs with exposure to Keane Group, Inc. : May 16, 2017   [May-16-17 12:52PM  Capital Cube]
▶ Former Halliburton executive joins board of recently public Houston co.   [09:20AM  American City Business Journals]
▶ Keane Announces New Board Appointments   [May-12-17 05:18PM  Business Wire]
▶ Is The Permian Starting To Get Crowded?   [Apr-30-17 01:00PM  Oilprice.com]
▶ ETFs with exposure to Keane Group, Inc. : April 19, 2017   [Apr-19-17 02:20PM  Capital Cube]
▶ Will 2017 Be the Year of Energy IPO Revival?   [Apr-12-17 06:35PM  Zacks]
▶ ETFs with exposure to Keane Group, Inc. : April 5, 2017   [Apr-05-17 04:46PM  Capital Cube]
▶ Energy Is the Only IPO Loser   [12:21PM  The Wall Street Journal]

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