Keane Group Inc (FRAC) Stock Rating Upgraded by BidaskClub
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.
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.
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