Keane Group Inc (NASDAQ:FRAC)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Companies in a note issued to investors on Tuesday. They presently have a $18.00 target price on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 20.56% from the company’s previous close.

FRAC has been the topic of several other research reports. Susquehanna Bancshares Inc assumed coverage on shares of Keane Group in a research report on Monday, June 5th. They set a “neutral” rating and a $17.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $22.00 target price (down previously from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Citigroup Inc. lifted their target price on shares of Keane Group from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Iberia Capital assumed coverage on shares of Keane Group in a research report on Friday, June 23rd. They issued an “outperform” rating and a $19.00 target price on the stock. Finally, BidaskClub upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a research report on Saturday. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.94.

Keane Group (NASDAQ:FRAC) opened at 14.93 on Tuesday. The company’s 50 day moving average is $13.89 and its 200-day moving average is $14.36. The stock’s market cap is $1.67 billion. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93.

Keane Group (NASDAQ:FRAC) last released its quarterly earnings results on Monday, July 31st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The company had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. Equities research analysts forecast that Keane Group will post $0.09 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of FRAC. Nationwide Fund Advisors purchased a new position in Keane Group during the first quarter worth about $119,000. Legal & General Group Plc raised its stake in Keane Group by 64.2% during the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after purchasing an additional 2,985 shares during the period. Strs Ohio purchased a new position in Keane Group during the first quarter worth about $131,000. Parametric Portfolio Associates LLC purchased a new position in Keane Group during the second quarter worth about $179,000. Finally, First Mercantile Trust Co. raised its stake in Keane Group by 35.6% during the second quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock worth $202,000 after purchasing 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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