Keane Group (NYSE:FRAC) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, February 7th.

FRAC has been the subject of several other reports. BidaskClub upgraded Keane Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Piper Jaffray Companies set a $23.00 target price on Keane Group and gave the stock a “buy” rating in a research note on Monday, December 25th. Barclays upgraded Keane Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, Cowen started coverage on Keane Group in a research note on Wednesday, February 7th. They set an “outperform” rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. Keane Group has an average rating of “Buy” and a consensus price target of $21.05.

Keane Group (NYSE:FRAC) traded up $0.57 during midday trading on Wednesday, reaching $14.56. The company’s stock had a trading volume of 1,668,323 shares, compared to its average volume of 1,893,904. The company has a quick ratio of 1.26, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. Keane Group has a 12-month low of $12.42 and a 12-month high of $21.90. The company has a market capitalization of $1,620.00 and a PE ratio of -11.93.

In other news, major shareholder Keane Investor Holdings Llc sold 13,321,753 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $18.25, for a total value of $243,121,992.25. Following the completion of the transaction, the insider now directly owns 58,917,686 shares in the company, valued at approximately $1,075,247,769.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after acquiring an additional 2,985 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Keane Group in the third quarter valued at $121,000. Boothbay Fund Management LLC acquired a new stake in Keane Group in the third quarter valued at $173,000. Parametric Portfolio Associates LLC acquired a new stake in Keane Group in the second quarter valued at $179,000. Finally, Advisors Asset Management Inc. increased its holdings in Keane Group by 566.6% in the third quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock valued at $183,000 after purchasing an additional 9,326 shares during the period. Institutional investors own 38.90% of the company’s stock.

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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.

Analyst Recommendations for Keane Group (NYSE:FRAC)

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