Piper Jaffray Companies reaffirmed their buy rating on shares of Keane Group Inc (NASDAQ:FRAC) in a research note released on Wednesday, July 12th. They currently have a $16.15 price objective on the stock, down from their previous price objective of $17.00.
Other analysts have also recently issued research reports about the company. Iberia Capital assumed coverage on Keane Group in a report on Friday, June 23rd. They set an outperform rating and a $19.00 target price on the stock. Citigroup Inc. increased their target price on Keane Group from $17.00 to $19.00 and gave the stock a buy rating in a report on Thursday, May 25th. Scotiabank reiterated a hold rating and issued a $24.00 price target on shares of Keane Group in a report on Thursday, March 16th. Susquehanna Bancshares Inc began coverage on Keane Group in a research note on Monday, June 5th. They issued a neutral rating and a $17.00 target price on the stock. Finally, Instinet reissued a neutral rating and issued a $17.00 target price on shares of Keane Group in a research note on Wednesday, April 19th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Keane Group currently has a consensus rating of Buy and a consensus price target of $21.38.
Shares of Keane Group (NASDAQ:FRAC) opened at 14.03 on Wednesday. The company has a 50 day moving average of $15.36 and a 200-day moving average of $16.14. The company’s market cap is $1.57 billion. Keane Group has a 52 week low of $12.42 and a 52 week high of $22.93.
Keane Group (NASDAQ:FRAC) last announced its quarterly earnings results on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The firm had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $316.71 million. Keane Group’s revenue for the quarter was up 34.5% compared to the same quarter last year. On average, equities research analysts expect that Keane Group will post $0.10 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in shares of Keane Group during the first quarter valued at approximately $31,906,000. Omega Advisors Inc. acquired a new stake in shares of Keane Group during the first quarter valued at approximately $31,293,000. Ameriprise Financial Inc. acquired a new stake in shares of Keane Group during the first quarter valued at approximately $28,518,000. Point72 Asset Management L.P. acquired a new stake in shares of Keane Group during the first quarter valued at approximately $26,731,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Keane Group during the first quarter valued at approximately $22,338,000.
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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