Keane Group Inc (FRAC) Upgraded to “Hold” by BidaskClub
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.
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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.
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