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.

ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/11/01/keane-group-inc-frac-receives-consensus-recommendation-of-hold-from-brokerages.html.

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.

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.