Piper Jaffray Companies Reiterates “$23.00” Price Target for Keane Group (FRAC)
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group cut their price objective on shares of Keane Group from $20.00 to $19.00 and set a buy rating for the company in a research note on Friday, November 3rd. BidaskClub raised shares of Keane Group from a sell rating to a hold rating in a research report on Saturday, September 16th. JPMorgan Chase & Co. increased their price target on shares of Keane Group from $22.00 to $23.00 and gave the company an overweight rating in a research report on Tuesday, September 12th. Barclays raised shares of Keane Group from an underweight rating to an equal weight rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Keane Group from a hold rating to a buy rating and set a $19.00 price target for the company in a research report on Wednesday, October 4th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Keane Group currently has an average rating of Hold and a consensus price target of $20.95.
Keane Group (FRAC) opened at $18.53 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. Keane Group has a 12 month low of $12.42 and a 12 month high of $22.93. The company has a market cap of $2,060.00 and a P/E ratio of -15.19.
Keane Group (NYSE:FRAC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing the Zacks’ 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 company had revenue of $477.30 million during the quarter, compared to analysts’ expectations 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.
Several institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in shares of Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after acquiring an additional 2,985 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Keane Group by 21.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,918 shares of the company’s stock valued at $431,000 after purchasing an additional 4,791 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in Keane Group by 1.3% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 393,831 shares of the company’s stock valued at $6,557,000 after purchasing an additional 4,891 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Keane Group by 5.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 110,483 shares of the company’s stock valued at $1,843,000 after purchasing an additional 5,432 shares in the last quarter. Finally, Gagnon Securities LLC increased its stake in Keane Group by 21.0% during the 3rd 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 in the last quarter. Institutional investors own 38.30% of the company’s stock.
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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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