Keane Group Inc (NASDAQ:FRAC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms also recently commented on FRAC. Citigroup Inc. downgraded shares of Keane Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $14.00 in a report on Wednesday, August 30th. Capital One Financial Corporation reiterated an “overweight” rating on shares of Keane Group in a research note on Thursday, July 27th. Scotiabank set a $21.00 target price on shares of Keane Group and gave the stock a “hold” rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co increased their target price on shares of Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Iberia Capital assumed coverage on shares of Keane Group in a research note on Friday, June 23rd. They issued an “outperform” rating and a $19.00 target price on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.82.

Keane Group (FRAC) traded up 0.14% during midday trading on Friday, hitting $14.15. 710,797 shares of the stock were exchanged. The firm’s 50-day moving average price is $13.68 and its 200 day moving average price is $15.43. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93. The firm’s market capitalization is $1.58 billion.

Keane Group (NASDAQ:FRAC) last released its quarterly earnings data on Monday, July 31st. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The company had revenue of $323.10 million during the quarter, compared to the consensus estimate of $316.71 million. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. Analysts expect that Keane Group will post $0.09 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in shares of Keane Group by 64.2% during the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after buying an additional 2,985 shares in the last quarter. Nationwide Fund Advisors purchased a new stake in shares of Keane Group during the 1st quarter valued at $119,000. Strs Ohio purchased a new stake in shares of Keane Group during the 1st quarter valued at $131,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Keane Group during the 2nd quarter valued at $179,000. Finally, First Mercantile Trust Co. raised its position in shares of Keane Group by 35.6% during the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after buying an additional 3,319 shares in the last quarter.

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.

Analyst Recommendations for Keane Group (NASDAQ:FRAC)

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