Keane Group Inc (NASDAQ:FRAC) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other analysts also recently issued reports on FRAC. Citigroup Inc. downgraded shares of Keane Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $14.00 in a research report on Wednesday, August 30th. Morgan Stanley reissued an “overweight” rating and issued a $22.00 price target (down previously from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $16.15 price target (down previously from $17.00) on shares of Keane Group in a research report on Wednesday, July 12th. J P Morgan Chase & Co lifted their price target on shares of Keane Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, September 12th. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Keane Group in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.74.

Keane Group (NASDAQ:FRAC) traded down 2.33% on Wednesday, hitting $15.49. 1,392,764 shares of the stock traded hands. Keane Group has a 1-year low of $12.42 and a 1-year high of $22.93. The stock has a 50-day moving average price of $15.15 and a 200 day moving average price of $14.86. The company’s market cap is $1.73 billion.

Keane Group (NASDAQ:FRAC) last released its quarterly earnings data on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. The company had revenue of $323.10 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, analysts anticipate that Keane Group will post $0.09 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of FRAC. Nationwide Fund Advisors purchased a new position in Keane Group during the 1st quarter worth $119,000. Legal & General Group Plc boosted its holdings in 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 acquiring an additional 2,985 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in Keane Group during the 2nd quarter worth $179,000. First Mercantile Trust Co. boosted its holdings in Keane Group by 35.6% during the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock worth $202,000 after acquiring an additional 3,319 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Keane Group during the 1st quarter worth $212,000.

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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