Citigroup Inc. Analysts Give Keane Group Inc (FRAC) a $18.00 Price Target
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.
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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.
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