Keane Group Inc (NYSE:FRAC) shares rose 7.9% on Wednesday . The stock traded as high as $12.61 and last traded at $12.54. Approximately 2,789,409 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 1,464,324 shares. The stock had previously closed at $11.62.

FRAC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Keane Group from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. Wells Fargo & Co cut shares of Keane Group from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a report on Friday, June 29th. Capital One Financial reaffirmed an “overweight” rating on shares of Keane Group in a report on Tuesday, July 31st. ValuEngine cut shares of Keane Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Stifel Nicolaus initiated coverage on shares of Keane Group in a report on Monday. They issued a “buy” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $20.15.

The company has a market cap of $1.17 billion, a P/E ratio of 74.88, a price-to-earnings-growth ratio of 0.23 and a beta of -0.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.68 and a quick ratio of 1.51.

Keane Group (NYSE:FRAC) last released its earnings results on Monday, July 30th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. The business had revenue of $578.50 million for the quarter, compared to analysts’ expectations of $558.88 million. Keane Group had a return on equity of 20.43% and a net margin of 3.40%. The firm’s revenue was up 79.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. equities analysts anticipate that Keane Group Inc will post 1.17 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board increased its stake in Keane Group by 84.2% in the second quarter. State of Wisconsin Investment Board now owns 495,400 shares of the company’s stock valued at $6,772,000 after acquiring an additional 226,400 shares during the last quarter. Sei Investments Co. increased its stake in Keane Group by 24.2% in the second quarter. Sei Investments Co. now owns 219,386 shares of the company’s stock valued at $2,999,000 after acquiring an additional 42,802 shares during the last quarter. Viking Fund Management LLC bought a new position in Keane Group in the second quarter valued at $7,655,000. Janus Henderson Group PLC grew its stake in shares of Keane Group by 17.5% during the second quarter. Janus Henderson Group PLC now owns 5,076,827 shares of the company’s stock valued at $69,400,000 after buying an additional 755,319 shares during the last quarter. Finally, Pwmco LLC bought a new position in shares of Keane Group during the second quarter valued at about $2,262,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

About Keane Group (NYSE:FRAC)

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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