Brokerages Set Keane Group (FRAC) Target Price at $20.13

Keane Group (NYSE:FRAC) has received an average rating of “Buy” from the twenty-two brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.13.

Several brokerages have recently issued reports on FRAC. Stephens began coverage on shares of Keane Group in a report on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 price target for the company. Zacks Investment Research raised shares of Keane Group from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday, January 8th. Piper Jaffray set a $23.00 price objective on shares of Keane Group and gave the company a “buy” rating in a research report on Monday, December 25th. Scotiabank raised shares of Keane Group from a “sector perform” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, ValuEngine cut shares of Keane Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd.

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In other Keane Group news, Director Elmer Dale Reed sold 6,941 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $15.89, for a total transaction of $110,292.49. Following the sale, the director now directly owns 24,308 shares of the company’s stock, valued at approximately $386,254.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $18.25, for a total transaction of $36,468,281.50. Following the sale, the insider now directly owns 58,917,686 shares in the company, valued at $1,075,247,769.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,326,956 shares of company stock worth $279,700,566 over the last three months.

A number of large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Keane Group during the 4th quarter worth about $326,000. Macquarie Group Ltd. lifted its position in Keane Group by 11.9% during the 4th quarter. Macquarie Group Ltd. now owns 1,436,996 shares of the company’s stock worth $27,317,000 after buying an additional 152,504 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in Keane Group during the 4th quarter worth about $215,000. TIAA CREF Investment Management LLC lifted its position in Keane Group by 2.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 215,463 shares of the company’s stock worth $4,096,000 after buying an additional 5,553 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in Keane Group by 6.3% during the 4th quarter. Teachers Advisors LLC now owns 202,543 shares of the company’s stock worth $3,850,000 after buying an additional 11,977 shares in the last quarter. 34.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FRAC stock traded down $0.48 on Friday, hitting $14.97. The stock had a trading volume of 819,405 shares, compared to its average volume of 1,036,776. Keane Group has a twelve month low of $12.42 and a twelve month high of $19.83. The firm has a market capitalization of $1,734.17, a price-to-earnings ratio of 93.56, a price-to-earnings-growth ratio of 0.27 and a beta of -0.39. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 0.54.

Keane Group (NYSE:FRAC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Keane Group had a negative net margin of 2.30% and a positive return on equity of 3.61%. The company had revenue of $501.49 million during the quarter, compared to analyst estimates of $502.18 million. research analysts expect that Keane Group will post 1.41 earnings per share for the current year.

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About Keane Group

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.

Analyst Recommendations for Keane Group (NYSE:FRAC)

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