BidaskClub cut shares of Keane Group, Inc. (NYSE:FRAC) from a buy rating to a hold rating in a report issued on Wednesday morning.

Several other equities analysts have also issued reports on FRAC. Zacks Investment Research lowered Keane Group from a buy rating to a hold rating in a research note on Tuesday, November 7th. Citigroup Inc. lowered Keane Group from a buy rating to a neutral rating and dropped their price target for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Barclays PLC initiated coverage on Keane Group in a research note on Friday, October 6th. They issued an underweight rating and a $16.00 price target on the stock. Jefferies Group LLC initiated coverage on Keane Group in a research note on Thursday, October 5th. They issued a buy rating and a $20.00 price target on the stock. Finally, Piper Jaffray Companies reissued a buy rating and issued a $18.00 price target on shares of Keane Group in a research note on Tuesday, September 19th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $20.68.

Keane Group (NYSE FRAC) traded up $0.27 during trading hours on Wednesday, hitting $14.59. The stock had a trading volume of 438,448 shares, compared to its average volume of 1,139,128. The company has a current ratio of 1.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. Keane Group has a 52 week low of $12.42 and a 52 week high of $22.93.

Keane Group (NYSE:FRAC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.12). The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative return on equity of 19.19% and a negative net margin of 9.90%. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. sell-side analysts anticipate that Keane Group will post 0.1 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. Viking Fund Management LLC grew its holdings in Keane Group by 14.0% during the third quarter. Viking Fund Management LLC now owns 490,000 shares of the company’s stock worth $8,173,000 after buying an additional 60,000 shares in the last quarter. Teachers Advisors LLC grew its holdings in Keane Group by 142.6% during the second quarter. Teachers Advisors LLC now owns 120,294 shares of the company’s stock worth $1,925,000 after buying an additional 70,707 shares in the last quarter. American Century Companies Inc. grew its holdings in Keane Group by 58.0% during the second quarter. American Century Companies Inc. now owns 540,885 shares of the company’s stock worth $8,654,000 after buying an additional 198,626 shares in the last quarter. Morgan Stanley bought a new stake in Keane Group during the first quarter worth $1,651,000. Finally, JPMorgan Chase & Co. bought a new stake in Keane Group during the first quarter worth $1,543,000. Institutional investors and hedge funds own 38.32% of the company’s stock.

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 (NYSE:FRAC)

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