Shares of Keane Group Inc (NYSE:FRAC) have earned an average recommendation of “Buy” from the sixteen research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.70.

Several analysts have recently weighed in on the company. AltaCorp Capital restated a “sector perform” rating on shares of Keane Group in a report on Thursday, June 20th. ValuEngine upgraded Keane Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut Keane Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, TheStreet cut Keane Group from a “c-” rating to a “d+” rating in a report on Monday, June 3rd.

Hedge funds have recently made changes to their positions in the stock. First Quadrant L P CA acquired a new position in Keane Group in the second quarter valued at approximately $933,000. Geode Capital Management LLC raised its position in shares of Keane Group by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 491,097 shares of the company’s stock worth $4,017,000 after purchasing an additional 23,143 shares during the period. K.J. Harrison & Partners Inc raised its position in shares of Keane Group by 33.3% during the first quarter. K.J. Harrison & Partners Inc now owns 24,000 shares of the company’s stock worth $261,000 after purchasing an additional 6,000 shares during the period. Bank of America Corp DE raised its position in shares of Keane Group by 9.1% during the fourth quarter. Bank of America Corp DE now owns 202,836 shares of the company’s stock worth $1,660,000 after purchasing an additional 16,910 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Keane Group during the first quarter worth approximately $150,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

Shares of NYSE:FRAC traded up $0.05 during midday trading on Tuesday, hitting $5.48. 1,166,611 shares of the stock were exchanged, compared to its average volume of 1,064,285. The stock has a market capitalization of $575.31 million, a price-to-earnings ratio of 5.96 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.56. The business’s 50-day moving average price is $5.88 and its 200 day moving average price is $8.78. Keane Group has a 12 month low of $4.86 and a 12 month high of $13.95.

Keane Group (NYSE:FRAC) last released its quarterly earnings results on Monday, July 29th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. The company had revenue of $427.70 million for the quarter, compared to analysts’ expectations of $413.63 million. Keane Group had a return on equity of 7.21% and a net margin of 0.53%. The business’s quarterly revenue was down 26.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, sell-side analysts expect that Keane Group will post -0.09 EPS for the current year.

About Keane Group

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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Analyst Recommendations for Keane Group (NYSE:FRAC)

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