Keane Group (NYSE:FRAC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Keane Group, Inc. is a provider of integrated well completion services primarily in the U.S. It focuses on complex, technically demanding completion solutions. The company primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions as well as other value-added service offerings. Keane Group, Inc. is headquartered in Houston, Texas. “

Several other research firms have also commented on FRAC. ValuEngine raised shares of Keane Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet lowered Keane Group from a “c-” rating to a “d+” rating in a research report on Monday, June 3rd. Finally, AltaCorp Capital reissued a “sector perform” rating on shares of Keane Group in a research report on Thursday, June 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $15.77.

Shares of FRAC stock traded down $0.01 during trading on Tuesday, hitting $5.31. 1,654,238 shares of the stock traded hands, compared to its average volume of 1,055,981. The company has a market capitalization of $561.12 million, a price-to-earnings ratio of 5.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.56 and a quick ratio of 1.44. The firm’s fifty day moving average price is $6.10. Keane Group has a 52-week low of $4.96 and a 52-week high of $14.38.

Keane Group (NYSE:FRAC) last released its quarterly earnings results on Monday, July 29th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. The firm had revenue of $427.70 million for the quarter, compared to analyst estimates of $413.63 million. Keane Group had a net margin of 0.53% and a return on equity of 7.21%. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. On average, equities analysts forecast that Keane Group will post -0.07 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its position in Keane Group by 11.2% in the fourth quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock valued at $80,000 after purchasing an additional 986 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Keane Group in the second quarter worth $68,000. BNP Paribas Arbitrage SA grew its stake in shares of Keane Group by 933.5% during the first quarter. BNP Paribas Arbitrage SA now owns 11,585 shares of the company’s stock worth $126,000 after purchasing an additional 10,464 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Keane Group during the second quarter worth $81,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Keane Group during the first quarter worth $150,000. 88.37% of the stock is currently owned by institutional investors.

Keane Group Company Profile

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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