Equities research analysts at Jefferies Group LLC assumed coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. Jefferies Group LLC’s target price indicates a potential upside of 16.35% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Citigroup Inc. downgraded Keane Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $14.00 in a report on Wednesday, August 30th. Morgan Stanley reissued an “overweight” rating and issued a $22.00 target price (down previously from $25.00) on shares of Keane Group in a report on Wednesday, June 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $16.15 target price (down previously from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. Capital One Financial Corporation reissued an “overweight” rating on shares of Keane Group in a report on Thursday, July 27th. Finally, Iberia Capital began coverage on Keane Group in a report on Friday, June 23rd. They issued an “outperform” rating and a $19.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Keane Group has an average rating of “Buy” and a consensus target price of $21.00.

Keane Group (FRAC) traded up 1.06% during midday trading on Thursday, hitting $17.19. The stock had a trading volume of 1,276,731 shares. The firm’s market cap is $1.92 billion. Keane Group has a 52 week low of $12.70 and a 52 week high of $22.93. The firm has a 50 day moving average of $15.51 and a 200 day moving average of $15.51.

Keane Group (NASDAQ:FRAC) last announced its quarterly earnings results on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The firm 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 firm’s revenue was up 34.5% on a year-over-year basis. Equities research analysts predict that Keane Group will post $0.10 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of FRAC. Janus Henderson Group PLC raised its stake in shares of Keane Group by 4,762.9% in the second quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock worth $68,001,000 after buying an additional 4,162,694 shares during the period. Vanguard Group Inc. bought a new position in shares of Keane Group in the first quarter worth about $31,906,000. Omega Advisors Inc. bought a new position in shares of Keane Group in the first quarter worth about $31,293,000. Point72 Asset Management L.P. bought a new position in shares of Keane Group in the first quarter worth about $26,731,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Keane Group in the first quarter worth about $22,338,000.

About Keane Group

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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