BidaskClub lowered shares of Keane Group Inc (NASDAQ:FRAC) from a strong-buy rating to a buy rating in a research note released on Wednesday.

Other equities research analysts also recently issued reports about the company. Piper Jaffray Companies restated a buy rating and set a $16.15 price objective (down from $17.00) on shares of Keane Group in a research report on Wednesday, July 12th. Scotiabank set a $21.00 price objective on Keane Group and gave the company a hold rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co upped their price objective on Keane Group from $22.00 to $23.00 and gave the company an overweight rating in a research report on Tuesday, September 12th. Jefferies Group LLC assumed coverage on Keane Group in a research report on Thursday, October 5th. They set a buy rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research upgraded Keane Group from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $20.74.

Keane Group (FRAC) traded down 0.53% during trading on Wednesday, reaching $15.05. The company had a trading volume of 759,800 shares. The firm’s 50 day moving average is $15.28 and its 200 day moving average is $14.86. The company has a market capitalization of $1.68 billion and a PE ratio of 53.75. Keane Group has a one year low of $12.42 and a one year high of $22.93.

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

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Keane Group by 64.2% during the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after buying an additional 2,985 shares during the last quarter. Nationwide Fund Advisors bought a new position in shares of Keane Group during the first quarter valued at approximately $119,000. Parametric Portfolio Associates LLC bought a new position in shares of Keane Group during the second quarter valued at approximately $179,000. First Mercantile Trust Co. grew its stake in shares of Keane Group by 35.6% during the second quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after buying an additional 3,319 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Keane Group during the first quarter valued at approximately $212,000.

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)

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