Keane Group Inc (NASDAQ:FRAC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also weighed in on the company. J P Morgan Chase & Co boosted their target price on Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup Inc. lowered Keane Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $14.00 in a report on Wednesday, August 30th. Scotiabank set a $21.00 target price on Keane Group and gave the stock a “hold” rating in a report on Tuesday, August 1st. Capital One Financial Corporation restated an “overweight” rating on shares of Keane Group in a report on Thursday, July 27th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $16.15 target price (down from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.82.

Shares of Keane Group (NASDAQ FRAC) opened at 14.15 on Friday. The stock’s market cap is $1.58 billion. The stock’s 50 day moving average is $13.68 and its 200-day moving average is $15.43. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93.

Keane Group (NASDAQ:FRAC) last posted its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The firm had revenue of $323.10 million during the quarter, compared to analyst estimates of $316.71 million. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, analysts anticipate that Keane Group will post $0.09 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Keane Group Inc (FRAC) Upgraded to “Hold” by BidaskClub” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/keane-group-inc-frac-upgraded-to-hold-by-bidaskclub/1565161.html.

Several hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Keane Group during the second quarter worth approximately $354,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Keane Group by 9.2% during the second quarter. Public Employees Retirement System of Ohio now owns 149,658 shares of the company’s stock worth $2,395,000 after buying an additional 12,633 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Keane Group during the second quarter worth approximately $383,000. State Street Corp lifted its holdings in shares of Keane Group by 153.4% during the second quarter. State Street Corp now owns 1,111,267 shares of the company’s stock worth $17,782,000 after buying an additional 672,659 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Keane Group by 4,762.9% during 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.

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 (NASDAQ:FRAC)

Receive News & Ratings for Keane Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.