Keane Group Inc (FRAC) Upgraded to Hold at BidaskClub
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.
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