Keane Group, Inc. (NYSE:FRAC) had its target price trimmed by Jefferies Group LLC from $20.00 to $19.00 in a research note issued to investors on Friday, November 3rd. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on FRAC. Piper Jaffray Companies reaffirmed a buy rating and issued a $16.15 target price (down from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. BidaskClub cut shares of Keane Group from a strong-buy rating to a buy rating in a report on Wednesday, October 18th. J P Morgan Chase & Co upped their target price on shares of Keane Group from $22.00 to $23.00 and gave the company an overweight rating in a report on Tuesday, September 12th. Scotiabank set a $21.00 price target on shares of Keane Group and gave the company a hold rating in a report on Tuesday, August 1st. Finally, Capital One Financial Corporation reissued an overweight rating on shares of Keane Group in a report on Thursday, July 27th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $20.68.
Shares of Keane Group (FRAC) traded down $0.15 during midday trading on Friday, reaching $14.31. 544,173 shares of the company were exchanged, compared to its average volume of 1,131,207. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 1.26. Keane Group has a 12-month low of $12.42 and a 12-month high of $22.93.
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A number of institutional investors have recently modified their holdings of FRAC. Nationwide Fund Advisors acquired a new stake in Keane Group in the first quarter valued at approximately $119,000. Legal & General Group Plc raised its stake in shares of Keane Group by 64.2% during the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after acquiring an additional 2,985 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Keane Group during the third quarter valued at $121,000. Boothbay Fund Management LLC bought a new position in shares of Keane Group during the third quarter valued at $173,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Keane Group during the second quarter valued at $179,000. Hedge funds and other institutional investors own 37.36% of the company’s stock.
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.
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