Keane Group’s (NASDAQ:FRAC) “Buy” Rating Reiterated at Piper Jaffray Companies

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.

ILLEGAL ACTIVITY NOTICE: “Keane Group’s (NASDAQ:FRAC) “Buy” Rating Reiterated at Piper Jaffray Companies” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/07/17/keane-groups-nasdaqfrac-buy-rating-reiterated-at-piper-jaffray-companies.html.

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.

Analyst Recommendations for Keane Group (NASDAQ:FRAC)

What are top analysts saying about Keane Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Keane Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit