Keane Group Inc (NASDAQ:FRAC) received a $18.00 price target from stock analysts at Citigroup Inc. in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 4.71% from the company’s previous close.

A number of other brokerages also recently issued reports on FRAC. Morgan Stanley reissued an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Keane Group in a report on Wednesday, June 21st. BidaskClub upgraded shares of Keane Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Iberia Capital began coverage on shares of Keane Group in a research report on Friday, June 23rd. They set an “outperform” rating and a $19.00 price objective for the company. Capital One Financial Corporation reiterated an “overweight” rating on shares of Keane Group in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 target price on shares of Keane Group in a research report on Tuesday, September 19th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Keane Group currently has an average rating of “Buy” and a consensus target price of $21.00.

Shares of Keane Group (NASDAQ FRAC) traded up 1.06% during midday trading on Thursday, reaching $17.19. 1,276,731 shares of the company traded hands. The company has a 50 day moving average price of $15.41 and a 200 day moving average price of $15.41. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93. The company’s market capitalization is $1.92 billion.

Keane Group (NASDAQ:FRAC) last released its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The company had revenue of $323.10 million for 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 company’s quarterly revenue was up 34.5% on a year-over-year basis. On average, analysts expect that Keane Group will post $0.10 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Citigroup Inc. Analysts Give Keane Group Inc (FRAC) a $18.00 Price Target” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/05/keane-group-inc-frac-given-new-18-00-price-target-at-citigroup-inc.html.

Large investors have recently modified their holdings of the company. Legal & General Group Plc grew its holdings 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 worth $120,000 after purchasing an additional 2,985 shares during the period. Nationwide Fund Advisors purchased a new position in shares of Keane Group during the 1st quarter valued at approximately $119,000. Strs Ohio purchased a new position in shares of Keane Group during the 1st quarter valued at approximately $131,000. Parametric Portfolio Associates LLC purchased a new position in shares of Keane Group during the 2nd quarter valued at approximately $179,000. Finally, First Mercantile Trust Co. boosted its stake 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 during 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)

Receive News & Ratings for Keane Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.