Keane Group Inc (NASDAQ:FRAC) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $14.00 price objective on the stock. Citigroup Inc.’s price target indicates a potential upside of 6.22% from the company’s previous close.

Several other analysts have also commented on the stock. Scotiabank set a $21.00 price objective on shares of Keane Group and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Capital One Financial Corporation reiterated an “overweight” rating on shares of Keane Group in a research note on Thursday, July 27th. Piper Jaffray Companies reiterated a “buy” rating and issued a $16.15 target price (down previously from $17.00) on shares of Keane Group in a research note on Wednesday, July 12th. Iberia Capital started coverage on shares of Keane Group in a research note on Friday, June 23rd. They issued an “outperform” rating and a $19.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $22.00 price objective (down previously from $25.00) on shares of Keane Group in a research note on Wednesday, June 21st. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.07.

Shares of Keane Group (NASDAQ:FRAC) traded down 3.41% during mid-day trading on Wednesday, hitting $12.73. The company had a trading volume of 217,717 shares. The company’s market capitalization is $1.42 billion. Keane Group has a one year low of $12.42 and a one year high of $22.93. The firm’s 50-day moving average price is $14.81 and its 200 day moving average price is $15.54.

Keane Group (NASDAQ:FRAC) last released its quarterly earnings results on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The company had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. The firm’s revenue was up 34.5% compared to the same quarter last year. Analysts predict that Keane Group will post $0.10 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/30/keane-group-inc-frac-stock-rating-lowered-by-citigroup-inc.html.

Several hedge funds have recently made changes to their positions in FRAC. Creative Planning acquired a new position in shares of Keane Group during the first quarter valued at $177,000. Nationwide Fund Advisors purchased a new stake in Keane Group during the first quarter worth approximately $119,000. First Mercantile Trust Co. purchased a new stake in Keane Group during the first quarter worth approximately $133,000. Strs Ohio purchased a new stake in Keane Group during the first quarter worth approximately $131,000. Finally, Russell Investments Group Ltd. purchased a new stake in Keane Group during the first quarter worth approximately $759,000.

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 & Stock 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 stocks with our FREE daily email newsletter.