Keane Group, Inc. (NYSE:FRAC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.
A number of other equities analysts have also recently weighed in on the company. Citigroup Inc. cut Keane Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $14.00 in a research note on Wednesday, August 30th. J P Morgan Chase & Co raised their price objective on Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 12th. Capital One Financial Corporation restated an “overweight” rating on shares of Keane Group in a research report on Thursday, July 27th. Jefferies Group LLC assumed coverage on Keane Group in a research report on Thursday, October 5th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Piper Jaffray Companies restated a “buy” rating and set a $18.00 price objective on shares of Keane Group in a research report on Tuesday, September 19th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.68.
Shares of Keane Group (NYSE FRAC) traded up $0.06 during midday trading on Wednesday, hitting $14.32. 550,500 shares of the company were exchanged, compared to its average volume of 1,142,481. Keane Group has a fifty-two week low of $12.42 and a fifty-two week high of $22.93. The company has a current ratio of 1.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. increased its position 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 increased its position in shares of Keane Group by 21.0% during the third 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 increased its position in shares of Keane Group by 9.6% during the third 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. Boothbay Fund Management LLC bought a new stake in shares of Keane Group during the third quarter valued at approximately $173,000. Finally, Cramer Rosenthal Mcglynn LLC increased its position in shares of Keane Group by 3.2% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 968,375 shares of the company’s stock valued at $16,152,000 after purchasing an additional 30,085 shares during the period. 38.32% of the stock is currently owned by institutional investors.
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.
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.