Keane Group Inc (FRAC) Given Average Rating of “Hold” by Brokerages
Shares of Keane Group Inc (NASDAQ:FRAC) have been assigned a consensus rating of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.68.
A number of analysts have weighed in on FRAC shares. Piper Jaffray Companies reissued a “buy” rating and issued a $16.15 price target (down from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. Capital One Financial Corporation reissued an “overweight” rating on shares of Keane Group in a report on Thursday, July 27th. Scotiabank set a $21.00 price target on shares of Keane Group and gave the company a “hold” rating in a report on Tuesday, August 1st. Citigroup Inc. downgraded shares of Keane Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $14.00 in a report on Wednesday, August 30th. Finally, J P Morgan Chase & Co increased their price target on shares of Keane Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, September 12th.
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Keane Group (NASDAQ:FRAC) traded up $0.91 during midday trading on Wednesday, hitting $15.73. 711,650 shares of the company traded hands, compared to its average volume of 765,528. Keane Group has a fifty-two week low of $12.42 and a fifty-two week high of $22.93.
Keane Group (NASDAQ:FRAC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The company had revenue of $477.30 million during the quarter, compared to the consensus estimate of $493.40 million. Keane Group’s revenue was up 47.7% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in FRAC. Janus Henderson Group PLC lifted its holdings in shares of Keane Group by 4,762.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock worth $68,001,000 after acquiring an additional 4,162,694 shares during the period. Vanguard Group Inc. bought a new position in shares of Keane Group during the 1st quarter worth about $31,906,000. State Street Corp lifted its holdings in shares of Keane Group by 153.4% during the 2nd quarter. State Street Corp now owns 1,111,267 shares of the company’s stock worth $17,782,000 after acquiring an additional 672,659 shares during the period. Precocity Capital LP bought a new position in shares of Keane Group during the 2nd quarter worth about $8,000,000. Finally, FMR LLC bought a new position in shares of Keane Group during the 1st quarter worth about $6,308,000.
About Keane Group
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.
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