Dynamic Technology Lab Private Ltd bought a new position in shares of Keane Group Inc (NASDAQ:FRAC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,080 shares of the company’s stock, valued at approximately $354,000.
A number of other large investors also recently made changes to their positions in FRAC. Nationwide Fund Advisors acquired a new stake in Keane Group during the 1st quarter worth about $119,000. Legal & General Group Plc grew 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 valued at $120,000 after buying an additional 2,985 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of Keane Group in the 2nd quarter valued at about $179,000. First Mercantile Trust Co. grew its stake in shares of Keane Group by 35.6% in the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after buying an additional 3,319 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Keane Group in the 1st quarter valued at about $212,000.
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Shares of Keane Group Inc (NASDAQ:FRAC) traded down $0.48 during trading hours on Friday, reaching $15.47. 622,694 shares of the company traded hands, compared to its average volume of 768,779. Keane Group Inc has a one year low of $12.42 and a one year high of $22.93.
Keane Group (NASDAQ:FRAC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $477.30 million during the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. Keane Group’s revenue was up 47.7% compared to the same quarter last year.
Several analysts have recently commented on FRAC shares. BidaskClub upgraded Keane Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Citigroup Inc. downgraded Keane Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Barclays PLC started coverage on shares of Keane Group in a research report on Friday, October 6th. They issued an “underweight” rating and a $16.00 price target on the stock. Zacks Investment Research cut shares of Keane Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $18.00 price target on shares of Keane Group in a research report on Tuesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Keane Group presently has an average rating of “Buy” and an average target price of $20.68.
Keane Group Company Profile
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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