Stephens Begins Coverage on Keane Group (FRAC)

Investment analysts at Stephens started coverage on shares of Keane Group (NYSE:FRAC) in a note issued to investors on Tuesday, The Fly reports. The firm set an “overweight” rating on the stock.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Keane Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Jefferies Group assumed coverage on shares of Keane Group in a research report on Thursday, October 5th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, October 4th. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price target on shares of Keane Group in a report on Tuesday, September 19th. Finally, Barclays upgraded shares of Keane Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.05.

Keane Group (FRAC) traded up $0.05 during trading on Tuesday, reaching $18.57. The company had a trading volume of 984,900 shares, compared to its average volume of 908,280. Keane Group has a fifty-two week low of $12.42 and a fifty-two week high of $22.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 1.26. The company has a market capitalization of $2,080.00 and a PE ratio of -15.22.

Keane Group (NYSE:FRAC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). Keane Group had a negative return on equity of 19.19% and a negative net margin of 9.90%. The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. The business’s revenue was up 47.7% compared to the same quarter last year. sell-side analysts anticipate that Keane Group will post 0.1 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. bought a new position in Keane Group in the 3rd quarter worth approximately $1,356,000. Point72 Asset Management L.P. boosted its holdings in Keane Group by 43.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,621,725 shares of the company’s stock worth $43,730,000 after buying an additional 794,625 shares during the period. Gagnon Securities LLC boosted its holdings in Keane Group by 21.0% in the 3rd quarter. Gagnon Securities LLC now owns 41,279 shares of the company’s stock valued at $689,000 after purchasing an additional 7,162 shares during the period. Janus Henderson Group PLC boosted its holdings in Keane Group by 9.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,658,292 shares of the company’s stock valued at $77,700,000 after purchasing an additional 408,200 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in Keane Group in the 3rd quarter valued at $173,000. Hedge funds and other institutional investors own 38.30% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Keane Group (NYSE:FRAC)