Keane Group Inc (NASDAQ:FRAC)‘s stock had its “overweight” rating reissued by analysts at Capital One Financial Corporation in a report issued on Thursday, July 27th.
FRAC has been the topic of a number of other research reports. Susquehanna Bancshares Inc assumed coverage on Keane Group in a research note on Monday, June 5th. They issued a “neutral” rating and a $17.00 target price on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $16.15 target price (down previously from $17.00) on shares of Keane Group in a research note on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and issued a $22.00 target price (down previously from $25.00) on shares of Keane Group in a research note on Wednesday, June 21st. Citigroup Inc. upped their target price on Keane Group from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Iberia Capital assumed coverage on Keane Group in a research note on Friday, June 23rd. They issued an “outperform” rating and a $19.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.38.
Keane Group (NASDAQ FRAC) traded up 1.57% on Thursday, hitting $15.49. The stock had a trading volume of 612,325 shares. The company’s market cap is $1.60 billion. The company has a 50 day moving average price of $15.37 and a 200-day moving average price of $16.30. Keane Group has a 52-week low of $12.42 and a 52-week high of $22.93.
Keane Group (NASDAQ:FRAC) last posted its quarterly earnings results on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The business had revenue of $323.10 million for the quarter, compared to the consensus estimate of $316.71 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The business’s revenue was up 34.5% on a year-over-year basis. On average, equities research analysts predict that Keane Group will post ($0.06) earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in FRAC. Legal & General Group Plc boosted its position in Keane Group by 64.2% in the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after buying an additional 2,985 shares during the last quarter. First Mercantile Trust Co. boosted its position in Keane Group by 35.6% in the second quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock worth $202,000 after buying an additional 3,319 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in Keane Group by 0.5% in the second quarter. Emerald Advisers Inc. PA now owns 844,227 shares of the company’s stock worth $13,508,000 after buying an additional 4,199 shares during the last quarter. William Blair Investment Management LLC boosted its position in Keane Group by 10.5% in the second quarter. William Blair Investment Management LLC now owns 68,143 shares of the company’s stock worth $1,090,000 after buying an additional 6,448 shares during the last quarter. Finally, Nationwide Fund Advisors acquired a new position in Keane Group during the first quarter worth $119,000.
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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