Barclays set a $15.00 price target on Keane Group (NYSE:FRAC) in a research report sent to investors on Wednesday. The brokerage currently has a hold rating on the stock.
FRAC has been the topic of a number of other reports. ValuEngine upgraded shares of Keane Group from a sell rating to a hold rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Keane Group from a sell rating to a hold rating in a research note on Thursday, August 2nd. Capital One Financial reiterated an overweight rating on shares of Keane Group in a research note on Tuesday, July 31st. Jefferies Financial Group set a $18.00 price target on shares of Keane Group and gave the stock a buy rating in a research note on Tuesday, July 31st. Finally, Citigroup boosted their price target on shares of Keane Group from $16.00 to $17.00 and gave the stock a buy rating in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $19.68.
NYSE FRAC traded up $0.10 during trading hours on Wednesday, reaching $12.15. The company had a trading volume of 960,333 shares, compared to its average volume of 1,416,807. Keane Group has a 1-year low of $10.12 and a 1-year high of $19.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.68 and a quick ratio of 1.51. The stock has a market capitalization of $1.36 billion, a P/E ratio of 75.94, a PEG ratio of 0.32 and a beta of -0.54.
Keane Group (NYSE:FRAC) last posted its earnings results on Monday, July 30th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. Keane Group had a net margin of 3.40% and a return on equity of 20.43%. The company had revenue of $578.50 million for the quarter, compared to analysts’ expectations of $558.88 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Keane Group’s revenue for the quarter was up 79.0% compared to the same quarter last year. As a group, analysts anticipate that Keane Group will post 0.97 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in FRAC. Millennium Management LLC increased its stake in Keane Group by 81.7% in the first quarter. Millennium Management LLC now owns 3,634,818 shares of the company’s stock valued at $53,795,000 after purchasing an additional 1,633,853 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Keane Group in the second quarter valued at approximately $13,387,000. BlackRock Inc. increased its stake in Keane Group by 36.7% in the first quarter. BlackRock Inc. now owns 3,293,731 shares of the company’s stock valued at $48,748,000 after purchasing an additional 884,434 shares during the last quarter. Janus Henderson Group PLC increased its stake in Keane Group by 17.5% in the second quarter. Janus Henderson Group PLC now owns 5,076,827 shares of the company’s stock valued at $69,400,000 after purchasing an additional 755,319 shares during the last quarter. Finally, Viking Fund Management LLC purchased a new position in Keane Group in the second quarter valued at approximately $7,655,000. Hedge funds and other institutional investors own 86.98% of the company’s stock.
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.
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