Citigroup Inc. cut shares of Keane Group Inc (NASDAQ:FRAC) from a buy rating to a neutral rating in a research note issued to investors on Wednesday. The brokerage currently has $14.00 price target on the stock.

A number of other research analysts have also recently commented on the company. Scotiabank set a $21.00 price target on Keane Group and gave the company a hold rating in a research note on Thursday, May 4th. Morgan Stanley reiterated an overweight rating and set a $22.00 price target (down from $25.00) on shares of Keane Group in a report on Wednesday, June 21st. Susquehanna Bancshares Inc initiated coverage on Keane Group in a report on Monday, June 5th. They set a neutral rating and a $17.00 price target for the company. Piper Jaffray Companies reiterated a buy rating and set a $16.15 price target (down from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. Finally, Iberia Capital began coverage on Keane Group in a report on Friday, June 23rd. They set an outperform rating and a $19.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $21.07.

Keane Group (FRAC) opened at 12.62 on Wednesday. Keane Group has a 12 month low of $12.42 and a 12 month high of $22.93. The firm has a 50 day moving average price of $14.81 and a 200-day moving average price of $15.54. The firm’s market capitalization is $1.41 billion.

Keane Group (NASDAQ:FRAC) last issued its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.06. The firm had revenue of $323.10 million for the quarter, compared to the consensus estimate of $316.71 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. On average, equities analysts forecast that Keane Group will post $0.10 EPS for the current year.

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A number of large investors have recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in Keane Group by 4,762.9% in the second quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock worth $68,001,000 after buying an additional 4,162,694 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of Keane Group during the first quarter valued at about $31,906,000. Omega Advisors Inc. bought a new stake in shares of Keane Group during the first quarter valued at about $31,293,000. Ameriprise Financial Inc. bought a new stake in shares of Keane Group during the first quarter valued at about $28,518,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Keane Group during the first quarter valued at about $26,731,000.

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.

Analyst Recommendations for Keane Group (NASDAQ:FRAC)

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