Jefferies Group LLC initiated coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a research note issued on Thursday. The firm set a “buy” rating on the stock.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday. BidaskClub raised shares of Keane Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Keane Group in a research note on Tuesday, September 19th. J P Morgan Chase & Co lifted their price objective on shares of Keane Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 12th. Finally, Citigroup Inc. lowered shares of Keane Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.82.

Shares of Keane Group (FRAC) opened at 17.01 on Thursday. Keane Group has a one year low of $12.70 and a one year high of $22.93. The firm’s market capitalization is $1.90 billion. The company has a 50-day moving average price of $15.41 and a 200 day moving average price of $15.41.

Keane Group (NASDAQ:FRAC) last released its quarterly earnings data on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The business had revenue of $323.10 million during the quarter, compared to analyst estimates of $316.71 million. The business’s revenue was up 34.5% on a year-over-year basis. Analysts expect that Keane Group will post $0.07 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC raised its holdings in Keane Group by 4,762.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock worth $68,001,000 after acquiring an additional 4,162,694 shares during the period. Vanguard Group Inc. raised its holdings in Keane Group by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,461,921 shares of the company’s stock worth $39,391,000 after acquiring an additional 230,738 shares during the period. Omega Advisors Inc. bought a new position in Keane Group in the 1st quarter worth $31,293,000. Ameriprise Financial Inc. raised its holdings in Keane Group by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,103,945 shares of the company’s stock worth $33,662,000 after acquiring an additional 109,364 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Keane Group in the 1st quarter worth $26,731,000.

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.

Analyst Recommendations for Keane Group (NASDAQ:FRAC)

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