Investment Analysts’ Weekly Ratings Changes for Keane Group (FRAC)

Keane Group (NYSE: FRAC) recently received a number of ratings updates from brokerages and research firms:

  • 9/10/2018 – Keane Group is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $16.00 price target on the stock.
  • 9/6/2018 – Keane Group had its price target lowered by analysts at R. F. Lafferty from $32.00 to $26.00. They now have a “buy” rating on the stock.
  • 9/3/2018 – Keane Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Keane Group, Inc. is a provider of integrated well completion services primarily in the U.S. It focuses on complex, technically demanding completion solutions. The company primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions as well as other value-added service offerings. Keane Group, Inc. is headquartered in Houston, Texas. “
  • 9/1/2018 – Keane Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/22/2018 – Keane Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/16/2018 – Keane Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/10/2018 – Keane Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/10/2018 – Keane Group had its price target raised by analysts at Citigroup Inc from $16.00 to $17.00. They now have a “buy” rating on the stock.
  • 8/2/2018 – Keane Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Keane Group, Inc. is a provider of integrated well completion services primarily in the U.S. It focuses on complex, technically demanding completion solutions. The company primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions as well as other value-added service offerings. Keane Group, Inc. is headquartered in Houston, Texas. “
  • 7/31/2018 – Keane Group had its “overweight” rating reaffirmed by analysts at Capital One Financial Corp..
  • 7/31/2018 – Keane Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/31/2018 – Keane Group was given a new $18.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 7/23/2018 – Keane Group was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating.

Keane Group stock traded up $0.92 during mid-day trading on Wednesday, hitting $12.54. The stock had a trading volume of 2,789,400 shares, compared to its average volume of 1,464,324. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 78.38, a P/E/G ratio of 0.23 and a beta of -0.49. Keane Group Inc has a 12 month low of $10.12 and a 12 month high of $19.83. The company has a quick ratio of 1.51, a current ratio of 1.68 and a debt-to-equity ratio of 0.68.

Keane Group (NYSE:FRAC) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $578.50 million for the quarter, compared to analysts’ expectations of $558.88 million. Keane Group had a return on equity of 20.43% and a net margin of 3.40%. The firm’s quarterly revenue was up 79.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) earnings per share. sell-side analysts expect that Keane Group Inc will post 1.17 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its holdings in Keane Group by 439.9% in the second quarter. Meeder Asset Management Inc. now owns 7,996 shares of the company’s stock valued at $109,000 after acquiring an additional 6,515 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Keane Group in the first quarter valued at about $110,000. Teacher Retirement System of Texas bought a new position in Keane Group in the second quarter valued at about $140,000. OppenheimerFunds Inc. bought a new position in Keane Group in the first quarter valued at about $148,000. Finally, Verition Fund Management LLC bought a new position in Keane Group in the second quarter valued at about $148,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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