Barclays set a $15.00 target price on Keane Group (NYSE:FRAC) in a report published on Wednesday morning. The brokerage currently has a hold rating on the stock.

Several other brokerages also recently weighed in on FRAC. ValuEngine raised Keane Group from a sell rating to a hold rating in a report on Wednesday, August 22nd. Zacks Investment Research downgraded Keane Group from a hold rating to a sell rating in a report on Monday, September 3rd. Wells Fargo & Co downgraded Keane Group from an outperform rating to a market perform rating and set a $15.00 price target for the company. in a report on Friday, June 29th. R. F. Lafferty decreased their price target on Keane Group from $32.00 to $26.00 and set a buy rating for the company in a report on Thursday, September 6th. Finally, JPMorgan Chase & Co. cut their price objective on Keane Group from $25.00 to $18.00 and set an overweight rating for the company in a research report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Keane Group currently has an average rating of Buy and an average price target of $19.68.

Shares of NYSE FRAC traded up $0.10 during mid-day trading on Wednesday, hitting $12.15. 960,333 shares of the company were exchanged, compared to its average volume of 1,416,807. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.68 and a quick ratio of 1.51. Keane Group has a 1-year low of $10.12 and a 1-year high of $19.83. The company has a market cap of $1.36 billion, a PE ratio of 75.94, a P/E/G ratio of 0.32 and a beta of -0.54.

Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Keane Group had a return on equity of 20.43% and a net margin of 3.40%. The firm had revenue of $578.50 million during the quarter, compared to the consensus estimate of $558.88 million. During the same period last year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up 79.0% on a year-over-year basis. Analysts anticipate that Keane Group will post 0.97 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in FRAC. Wells Fargo & Company MN increased its position in shares of Keane Group by 24.2% in the first quarter. Wells Fargo & Company MN now owns 217,514 shares of the company’s stock valued at $3,219,000 after buying an additional 42,353 shares in the last quarter. Swiss National Bank increased its position in Keane Group by 45.1% during the 1st quarter. Swiss National Bank now owns 83,000 shares of the company’s stock worth $1,228,000 after purchasing an additional 25,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Keane Group by 134.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 362,015 shares of the company’s stock worth $5,358,000 after purchasing an additional 207,413 shares in the last quarter. American International Group Inc. increased its position in Keane Group by 26.9% during the 1st quarter. American International Group Inc. now owns 34,103 shares of the company’s stock worth $505,000 after purchasing an additional 7,233 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in Keane Group during the 1st quarter worth about $149,000. Institutional investors and hedge funds own 86.98% of the company’s stock.

Keane Group Company Profile

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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Analyst Recommendations for Keane Group (NYSE:FRAC)

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