Keane Group, Inc. (FRAC) PT Lowered to $19.00 at Jefferies Group LLC

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.

Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). Keane Group had a negative return on equity of 19.19% and a negative net margin of 9.90%. The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. Keane Group’s revenue was up 47.7% on a year-over-year basis. sell-side analysts expect that Keane Group will post 0.1 earnings per share for the current year.

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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.

Analyst Recommendations for Keane Group (NYSE:FRAC)

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