Keane Group Inc (NYSE:FRAC) shares rose 5.8% on Wednesday . The company traded as high as $9.48 and last traded at $9.37. Approximately 775,998 shares changed hands during trading, a decline of 32% from the average daily volume of 1,137,666 shares. The stock had previously closed at $8.86.

FRAC has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Keane Group from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. Barclays set a $15.00 price target on Keane Group and gave the stock a “hold” rating in a report on Wednesday, October 10th. TheStreet raised Keane Group from a “d” rating to a “c-” rating in a report on Monday, October 1st. Jefferies Financial Group cut Keane Group from a “buy” rating to a “hold” rating and set a $9.37 price target on the stock. in a report on Thursday. Finally, Bank of America started coverage on Keane Group in a report on Wednesday, October 17th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the stock. Keane Group has a consensus rating of “Buy” and an average target price of $18.86.

The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $980.78 million, a PE ratio of 57.31, a P/E/G ratio of 1.58 and a beta of 0.59.

Keane Group (NYSE:FRAC) last released its earnings results on Wednesday, October 31st. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The firm had revenue of $558.91 million for the quarter, compared to the consensus estimate of $545.56 million. Keane Group had a return on equity of 25.19% and a net margin of 4.51%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. Equities analysts predict that Keane Group Inc will post 0.7 earnings per share for the current year.

In other news, major shareholder Keane Investor Holdings Llc sold 5,251,249 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $10.77, for a total transaction of $56,555,951.73. Following the transaction, the insider now owns 51,668,175 shares of the company’s stock, valued at approximately $556,466,244.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FRAC. Verition Fund Management LLC purchased a new stake in shares of Keane Group in the 2nd quarter worth $148,000. FDx Advisors Inc. purchased a new stake in shares of Keane Group in the 3rd quarter worth $151,000. Martingale Asset Management L P purchased a new stake in shares of Keane Group in the 3rd quarter worth $169,000. Paloma Partners Management Co purchased a new stake in shares of Keane Group in the 3rd quarter worth $177,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Keane Group in the 3rd quarter worth $281,000. Institutional investors own 88.67% of the company’s stock.

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Keane Group Company Profile (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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