Barclays PLC started coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a research note issued on Friday. The firm set an “underweight” rating and a $16.00 price target on the stock. Barclays PLC’s price objective points to a potential downside of 0.68% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Citigroup Inc. cut shares of Keane Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $14.00 in a research report on Wednesday, August 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $16.15 price target (down from $17.00) on shares of Keane Group in a research report on Wednesday, July 12th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Keane Group in a research report on Thursday, July 27th. Finally, Iberia Capital initiated coverage on shares of Keane Group in a research report on Friday, June 23rd. They set an “outperform” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.74.

Shares of Keane Group (FRAC) opened at 16.11 on Friday. The stock’s market capitalization is $1.80 billion. Keane Group has a 52 week low of $12.70 and a 52 week high of $22.93. The company’s 50-day moving average is $15.54 and its 200 day moving average is $15.54.

Keane Group (NASDAQ:FRAC) last announced 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. The firm had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $316.71 million. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, equities analysts forecast that Keane Group will post $0.10 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of FRAC. Janus Henderson Group PLC raised its stake in shares of Keane Group by 4,762.9% during the second quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock valued at $68,001,000 after purchasing an additional 4,162,694 shares during the period. Vanguard Group Inc. purchased a new stake in shares of Keane Group during the first quarter valued at approximately $31,906,000. Omega Advisors Inc. purchased a new stake in shares of Keane Group during the first quarter valued at approximately $31,293,000. Point72 Asset Management L.P. purchased a new stake in shares of Keane Group during the first quarter valued at approximately $26,731,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Keane Group during the first quarter valued at approximately $22,338,000.

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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