Keane Group (NYSE:FRAC) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

Other equities analysts also recently issued reports about the stock. GMP Securities raised shares of Keane Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. Citigroup decreased their price objective on shares of Keane Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, March 5th. Piper Jaffray Companies set a $17.00 price objective on shares of Keane Group and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, R. F. Lafferty reiterated a “buy” rating and issued a $26.00 price objective on shares of Keane Group in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Keane Group has a consensus rating of “Buy” and a consensus target price of $16.41.

NYSE:FRAC opened at $10.00 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 10.87 and a beta of 1.17. Keane Group has a 52 week low of $7.44 and a 52 week high of $16.97. The company has a quick ratio of 1.34, a current ratio of 1.51 and a debt-to-equity ratio of 0.71.

In other news, CFO Gregory Powell sold 43,271 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $10.57, for a total value of $457,374.47. Following the completion of the transaction, the chief financial officer now owns 215,874 shares of the company’s stock, valued at $2,281,788.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Carl Stewart sold 108,304 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $10.30, for a total transaction of $1,115,531.20. Following the completion of the transaction, the insider now directly owns 260,027 shares of the company’s stock, valued at approximately $2,678,278.10. The disclosure for this sale can be found here. Insiders have sold 189,933 shares of company stock valued at $1,977,199 in the last ninety days. 0.64% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Keane Group in the fourth quarter worth about $69,000. Great West Life Assurance Co. Can lifted its holdings in shares of Keane Group by 169.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,892 shares of the company’s stock worth $70,000 after acquiring an additional 5,592 shares during the last quarter. Legal & General Group Plc raised its holdings in Keane Group by 11.2% in the 4th quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock valued at $80,000 after buying an additional 986 shares during the last quarter. Prudential Financial Inc. bought a new position in Keane Group in the 4th quarter valued at approximately $103,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Keane Group in the 4th quarter valued at approximately $108,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

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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