Keane Group, Inc. (NYSE:FRAC) traded up 6.4% during trading on Monday . The stock traded as high as $17.03 and last traded at $16.87. 1,054,377 shares changed hands during trading, a decline of 5% from the average session volume of 1,106,038 shares. The stock had previously closed at $15.86.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of Keane Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays raised shares of Keane Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Keane Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Jefferies Group dropped their price objective on shares of Keane Group from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Citigroup set a $18.00 price objective on shares of Keane Group and gave the company a “hold” rating in a report on Thursday, October 5th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.68.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41.

Keane Group (NYSE:FRAC) last announced 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). Keane Group had a negative net margin of 9.90% and a negative return on equity of 19.19%. The company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. The company’s revenue was up 47.7% compared to the same quarter last year. sell-side analysts expect that Keane Group, Inc. will post 0.1 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FRAC. Viking Fund Management LLC increased its position in shares of Keane Group by 14.0% in the third quarter. Viking Fund Management LLC now owns 490,000 shares of the company’s stock worth $8,173,000 after purchasing an additional 60,000 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Keane Group by 142.6% in the second quarter. Teachers Advisors LLC now owns 120,294 shares of the company’s stock worth $1,925,000 after purchasing an additional 70,707 shares during the last quarter. American Century Companies Inc. increased its position in shares of Keane Group by 58.0% in the second quarter. American Century Companies Inc. now owns 540,885 shares of the company’s stock worth $8,654,000 after purchasing an additional 198,626 shares during the last quarter. Morgan Stanley bought a new position in shares of Keane Group in the first quarter worth approximately $1,651,000. Finally, Eagle Boston Investment Management Inc. bought a new position in shares of Keane Group in the second quarter worth approximately $6,223,000. Hedge funds and other institutional investors own 38.30% of the company’s stock.

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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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