Keane Group Inc (FRAC) Upgraded to “Strong-Buy” at BidaskClub
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.
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