Keane Group (NYSE:FRAC) had its price objective lowered by Wells Fargo & Co from $11.00 to $10.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on the company. TheStreet downgraded Keane Group from a c- rating to a d+ rating in a report on Monday, June 3rd. ValuEngine upgraded Keane Group from a sell rating to a hold rating in a report on Thursday, August 1st. AltaCorp Capital restated a sector perform rating on shares of Keane Group in a report on Thursday, June 20th. Zacks Investment Research downgraded Keane Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Finally, R. F. Lafferty downgraded Keane Group from a buy rating to a hold rating and decreased their price objective for the company from $18.00 to $12.00 in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Keane Group has an average rating of Buy and an average target price of $13.45.

NYSE FRAC traded up $0.14 on Thursday, reaching $6.28. The company had a trading volume of 157,164 shares, compared to its average volume of 1,337,350. The firm has a market cap of $625.70 million, a price-to-earnings ratio of 6.82 and a beta of 1.35. Keane Group has a fifty-two week low of $4.69 and a fifty-two week high of $13.91. The business has a 50 day moving average of $5.40 and a two-hundred day moving average of $8.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.56 and a quick ratio of 1.44.

Keane Group (NYSE:FRAC) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.11. The business had revenue of $427.70 million during the quarter, compared to the consensus estimate of $413.63 million. Keane Group had a return on equity of 7.21% and a net margin of 0.53%. Keane Group’s quarterly revenue was down 26.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, research analysts predict that Keane Group will post -0.09 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of FRAC. First Quadrant L P CA bought a new position in shares of Keane Group during the 2nd quarter worth about $933,000. NumerixS Investment Technologies Inc bought a new position in shares of Keane Group during the 1st quarter worth about $150,000. Aperio Group LLC bought a new position in shares of Keane Group during the 2nd quarter worth about $81,000. BNP Paribas Arbitrage SA boosted its position in shares of Keane Group by 933.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,585 shares of the company’s stock worth $126,000 after purchasing an additional 10,464 shares in the last quarter. Finally, Gagnon Securities LLC boosted its position in shares of Keane Group by 8.7% during the 1st quarter. Gagnon Securities LLC now owns 151,617 shares of the company’s stock worth $1,651,000 after purchasing an additional 12,090 shares in the last quarter. 90.09% of the stock is currently owned by institutional investors and hedge funds.

Keane Group Company Profile

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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Analyst Recommendations for Keane Group (NYSE:FRAC)

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