Keane Group Inc (NYSE:FRAC) dropped 5.1% during mid-day trading on Wednesday . The stock traded as low as $7.17 and last traded at $7.19. Approximately 596,618 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 762,399 shares. The stock had previously closed at $7.58.

FRAC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, March 5th. Piper Jaffray Companies set a $17.00 target price on shares of Keane Group and gave the stock a “buy” rating in a report on Tuesday, March 5th. R. F. Lafferty restated a “buy” rating and issued a $26.00 target price on shares of Keane Group in a report on Tuesday, February 26th. Jefferies Financial Group upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, March 15th. Finally, TheStreet raised shares of Keane Group from a “d+” rating to a “c-” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.62.

The company has a market capitalization of $767.87 million, a P/E ratio of 7.82 and a beta of 1.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 1.48.

Keane Group (NYSE:FRAC) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The company had revenue of $421.70 million for the quarter, compared to the consensus estimate of $412.79 million. Keane Group had a net margin of 2.24% and a return on equity of 13.57%. The firm’s revenue was down 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. On average, analysts predict that Keane Group Inc will post -0.16 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its holdings in shares of Keane Group by 9.3% during the 1st quarter. Macquarie Group Ltd. now owns 3,454,084 shares of the company’s stock valued at $37,615,000 after purchasing an additional 293,339 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Keane Group by 20.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,374,659 shares of the company’s stock worth $36,751,000 after acquiring an additional 568,119 shares in the last quarter. QVT Financial LP grew its holdings in shares of Keane Group by 27.7% during the first quarter. QVT Financial LP now owns 840,375 shares of the company’s stock worth $8,852,000 after buying an additional 182,071 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Keane Group by 152.9% during the first quarter. Renaissance Technologies LLC now owns 734,900 shares of the company’s stock worth $8,003,000 after buying an additional 444,300 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in shares of Keane Group by 29.7% during the first quarter. State of Wisconsin Investment Board now owns 642,300 shares of the company’s stock worth $6,995,000 after buying an additional 146,900 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

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About Keane Group (NYSE:FRAC)

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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