Piper Jaffray Companies reissued their buy rating on shares of Keane Group Inc (NASDAQ:FRAC) in a report issued on Wednesday morning. Piper Jaffray Companies currently has a $16.15 target price on the stock, down from their previous target price of $17.00.
Several other research analysts also recently issued reports on the company. Iberia Capital assumed coverage on Keane Group in a research report on Friday, June 23rd. They set an outperform rating and a $19.00 price objective for the company. Morgan Stanley restated an overweight rating and set a $22.00 price objective (down from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Susquehanna Bancshares Inc assumed coverage on Keane Group in a research report on Monday, June 5th. They set a neutral rating and a $17.00 price objective for the company. Citigroup Inc. lifted their price objective on Keane Group from $17.00 to $19.00 and gave the stock a buy rating in a research report on Thursday, May 25th. Finally, Scotiabank set a $21.00 price objective on Keane Group and gave the stock a hold rating in a research report on Thursday, May 4th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $21.38.
Keane Group (NASDAQ FRAC) traded up 0.99% during midday trading on Wednesday, hitting $16.31. The company had a trading volume of 803,654 shares. The stock’s 50-day moving average price is $15.09 and its 200-day moving average price is $16.42. The stock’s market cap is $1.68 billion. Keane Group has a 52-week low of $12.42 and a 52-week high of $22.93.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Peregrine Capital Management LLC acquired a new position in shares of Keane Group during the first quarter valued at $15,571,000. Creative Planning acquired a new position in shares of Keane Group during the first quarter valued at $177,000. Viking Fund Management LLC acquired a new position in shares of Keane Group during the first quarter valued at $5,148,000. Columbus Circle Investors acquired a new position in shares of Keane Group during the first quarter valued at $3,403,000. Finally, Nationwide Fund Advisors acquired a new position in shares of Keane Group during the first quarter valued at $119,000.
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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