Keane Group Inc (FRAC) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Keane Group Inc (NASDAQ:FRAC) have received an average rating of “Hold” from the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $20.74.
A number of analysts have recently weighed in on the company. Barclays PLC assumed coverage on Keane Group in a research note on Friday, October 6th. They set an “underweight” rating and a $16.00 price objective for the company. Jefferies Group LLC assumed coverage on Keane Group in a research note on Thursday, October 5th. They set a “buy” rating and a $20.00 price objective for the company. Citigroup Inc. set a $18.00 price objective on Keane Group and gave the company a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, October 4th. Finally, BidaskClub raised Keane Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th.
Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its stake in Keane Group by 64.2% in the second 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 period. Nationwide Fund Advisors bought a new position in Keane Group in the first quarter worth $119,000. Parametric Portfolio Associates LLC bought a new position in Keane Group in the second quarter worth $179,000. First Mercantile Trust Co. raised its holdings in Keane Group by 35.6% in the second quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock worth $202,000 after purchasing an additional 3,319 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Keane Group in the first quarter worth $212,000.
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Keane Group (FRAC) opened at 15.44 on Wednesday. The company’s 50-day moving average is $15.54 and its 200-day moving average is $14.85. The company’s market capitalization is $1.73 billion. Keane Group has a 52-week low of $12.42 and a 52-week high of $22.93.
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 analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $323.10 million during the quarter, compared to analyst estimates of $316.71 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The business’s revenue for the quarter 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 fiscal year.
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.
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