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

FRAC has been the topic of a number of other research reports. Morgan Stanley restated an overweight rating and set a $22.00 price target (down previously from $25.00) on shares of Keane Group in a research note on Wednesday, June 21st. Citigroup Inc. lowered shares of Keane Group from a buy rating to a neutral rating and cut their price target for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Iberia Capital started coverage on shares of Keane Group in a research note on Friday, June 23rd. They set an outperform rating and a $19.00 price target on the stock. Capital One Financial Corporation restated an overweight rating on shares of Keane Group in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co upped their price target on shares of Keane Group from $22.00 to $23.00 and gave the company an overweight rating in a research note on Tuesday, September 12th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $20.82.

Shares of Keane Group (NASDAQ:FRAC) traded up 0.14% during midday trading on Friday, hitting $14.15. 710,797 shares of the company traded hands. The stock’s market capitalization is $1.58 billion. Keane Group has a 52 week low of $12.70 and a 52 week high of $22.93. The company has a 50-day moving average price of $13.68 and a 200-day moving average price of $15.43.

Keane Group (NASDAQ:FRAC) last issued its quarterly earnings results on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. The company’s revenue was up 34.5% compared to the same quarter last year. Analysts anticipate that Keane Group will post $0.09 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in FRAC. Nationwide Fund Advisors acquired a new stake in shares of Keane Group in the first quarter worth $119,000. Legal & General Group Plc increased its stake in shares of Keane Group by 64.2% in the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after acquiring an additional 2,985 shares during the period. Strs Ohio acquired a new stake in shares of Keane Group in the first quarter worth $131,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Keane Group in the second quarter worth $179,000. Finally, First Mercantile Trust Co. increased its stake in shares of Keane Group by 35.6% in the second quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock worth $202,000 after acquiring an additional 3,319 shares during the period.

About Keane Group

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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