Keane Group Inc (FRAC) Stock Rating Lowered by BidaskClub
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.
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