BidaskClub upgraded shares of Keane Group Inc (NASDAQ:FRAC) from a buy rating to a strong-buy rating in a report published on Saturday.

Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies reissued a buy rating and issued a $18.00 price objective on shares of Keane Group in a research note on Tuesday, September 19th. Scotiabank set a $21.00 price target on Keane Group and gave the stock a hold rating in a research report on Tuesday, August 1st. Citigroup Inc. downgraded Keane Group from a buy rating to a neutral rating and reduced their price target for the stock from $19.00 to $14.00 in a research report on Wednesday, August 30th. Susquehanna Bancshares Inc initiated coverage on Keane Group in a research report on Monday, June 5th. They set a neutral rating and a $17.00 price target on the stock. Finally, Iberia Capital initiated coverage on Keane Group in a research report on Friday, June 23rd. They set an outperform rating and a $19.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Keane Group currently has an average rating of Buy and an average price target of $20.94.

Keane Group (NASDAQ:FRAC) traded down 0.06% during mid-day trading on Friday, hitting $16.68. The company had a trading volume of 660,146 shares. The company has a 50 day moving average of $14.04 and a 200 day moving average of $14.04. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93. The firm’s market capitalization is $1.87 billion.

Keane Group (NASDAQ:FRAC) last issued its quarterly earnings data on Monday, July 31st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $323.10 million during the quarter, compared to the consensus estimate of $316.71 million. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. Analysts predict that Keane Group will post $0.07 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Keane Group during the second quarter valued at $354,000. Public Employees Retirement System of Ohio grew 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 valued at $2,395,000 after buying an additional 12,633 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Keane Group during the second quarter valued at $383,000. State Street Corp grew 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 valued at $17,782,000 after buying an additional 672,659 shares during the last quarter. Finally, Janus Henderson Group PLC grew 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 valued at $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)

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