Keane Group Inc (FRAC) Given Average Recommendation of “Buy” by Analysts

Keane Group Inc (NYSE:FRAC) has received an average recommendation of “Buy” from the twenty-four brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.32.

Several analysts recently weighed in on the company. Jefferies Group dropped their price target on Keane Group from $20.00 to $19.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Stephens assumed coverage on Keane Group in a report on Tuesday, January 9th. They set an “overweight” rating and a $24.00 price target for the company. Cowen assumed coverage on Keane Group in a report on Wednesday. They set an “outperform” rating and a $18.00 price target for the company. ValuEngine cut Keane Group from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, Barclays raised Keane Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 8th.

In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $18.25, for a total transaction of $36,468,281.50. Following the transaction, the insider now owns 58,917,686 shares in the company, valued at approximately $1,075,247,769.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after purchasing an additional 2,985 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Keane Group in the 3rd quarter valued at $121,000. Boothbay Fund Management LLC bought a new position in shares of Keane Group in the 3rd quarter valued at $173,000. Parametric Portfolio Associates LLC bought a new position in shares of Keane Group in the 2nd quarter valued at $179,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Keane Group by 566.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock valued at $183,000 after purchasing an additional 9,326 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.

Shares of Keane Group (NYSE FRAC) opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 1.26. Keane Group has a fifty-two week low of $12.42 and a fifty-two week high of $22.24.

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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 (NYSE:FRAC)

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