Keane Group (FRAC) Now Covered by Analysts at Evercore ISI
Evercore ISI began coverage on shares of Keane Group (NYSE:FRAC) in a research note released on Tuesday, Marketbeat reports. The brokerage issued an outperform rating and a $20.00 price target on the stock.
Several other brokerages have also weighed in on FRAC. Zacks Investment Research lowered Keane Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. Barclays raised Keane Group from an underweight rating to an equal weight rating in a research report on Wednesday, November 8th. Jefferies Group cut their target price on Keane Group from $20.00 to $19.00 and set a buy rating on the stock in a research report on Friday, November 3rd. ValuEngine lowered Keane Group from a hold rating to a sell rating in a research report on Saturday, February 3rd. Finally, Scotiabank raised Keane Group from a sector perform rating to a buy rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Keane Group currently has an average rating of Buy and an average price target of $20.05.
Shares of Keane Group (NYSE:FRAC) opened at $16.18 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 1.26. The stock has a market capitalization of $1,754.37, a PE ratio of 130.25, a price-to-earnings-growth ratio of 0.30 and a beta of -0.70. Keane Group has a 12-month low of $12.42 and a 12-month high of $19.83.
Several hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new position in shares of Keane Group in the 4th quarter valued at approximately $326,000. Macquarie Group Ltd. grew its stake in shares of Keane Group by 11.9% in the 4th quarter. Macquarie Group Ltd. now owns 1,436,996 shares of the company’s stock valued at $27,317,000 after purchasing an additional 152,504 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Keane Group in the 4th quarter valued at approximately $215,000. TIAA CREF Investment Management LLC grew its stake in shares of Keane Group by 2.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 215,463 shares of the company’s stock valued at $4,096,000 after purchasing an additional 5,553 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Keane Group by 6.3% in the 4th quarter. Teachers Advisors LLC now owns 202,543 shares of the company’s stock valued at $3,850,000 after purchasing an additional 11,977 shares during the last quarter. Institutional investors own 37.87% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Keane Group (FRAC) Now Covered by Analysts at Evercore ISI” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/keane-group-frac-now-covered-by-analysts-at-evercore-isi/1904096.html.
Keane Group Company Profile
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.
Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.