Keane Group (NYSE:FRAC) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $18.00 price target on the stock. Citigroup’s target price indicates a potential upside of 25.96% from the company’s current price.
FRAC has been the topic of a number of other reports. BidaskClub raised Keane Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Scotiabank raised Keane Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Piper Jaffray Companies set a $23.00 price objective on Keane Group and gave the stock a “buy” rating in a research note on Monday, December 25th. Finally, Barclays raised Keane Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.05.
Shares of Keane Group (NYSE FRAC) opened at $14.29 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. Keane Group has a 12 month low of $12.42 and a 12 month high of $22.24.
In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of Keane Group stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $18.25, for a total value of $36,468,281.50. Following the sale, the insider now owns 58,917,686 shares in the company, valued at $1,075,247,769.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A number of large investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in Keane Group by 9.6% in the third quarter. Janus Henderson Group PLC now owns 4,658,292 shares of the company’s stock valued at $77,700,000 after purchasing an additional 408,200 shares during the period. Point72 Asset Management L.P. raised its position in Keane Group by 43.5% in the third quarter. Point72 Asset Management L.P. now owns 2,621,725 shares of the company’s stock valued at $43,730,000 after purchasing an additional 794,625 shares during the period. Vanguard Group Inc. raised its position in Keane Group by 10.3% in the second quarter. Vanguard Group Inc. now owns 2,461,921 shares of the company’s stock valued at $39,391,000 after purchasing an additional 230,738 shares during the period. BlackRock Inc. raised its position in Keane Group by 9.9% in the fourth quarter. BlackRock Inc. now owns 2,409,297 shares of the company’s stock valued at $45,800,000 after purchasing an additional 216,648 shares during the period. Finally, Macquarie Group Ltd. raised its position in Keane Group by 46.6% in the third quarter. Macquarie Group Ltd. now owns 1,284,492 shares of the company’s stock valued at $21,425,000 after purchasing an additional 408,424 shares during the period. Institutional investors own 38.90% of the company’s stock.
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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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