Keane Group (FRAC) Price Target Raised to $19.00 at JPMorgan Chase & Co.

Keane Group (NYSE:FRAC) had its price target lifted by JPMorgan Chase & Co. from $18.00 to $19.00 in a report released on Friday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts also recently commented on FRAC. Citigroup decreased their price objective on shares of Keane Group from $19.00 to $16.00 and set a buy rating for the company in a research report on Monday, July 9th. Zacks Investment Research downgraded shares of Keane Group from a hold rating to a strong sell rating in a research report on Tuesday, July 10th. Morgan Stanley decreased their price objective on shares of Keane Group from $23.00 to $19.00 and set an overweight rating for the company in a research report on Thursday, July 12th. BMO Capital Markets set a $18.00 price objective on shares of Keane Group and gave the company a buy rating in a research report on Wednesday, July 11th. Finally, TheStreet downgraded shares of Keane Group from a c- rating to a d rating in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $19.91.

Shares of FRAC opened at $13.69 on Friday. Keane Group has a one year low of $10.12 and a one year high of $19.83. The stock has a market capitalization of $1.45 billion, a PE ratio of 85.56, a PEG ratio of 0.44 and a beta of -0.50. The company has a quick ratio of 1.51, a current ratio of 1.68 and a debt-to-equity ratio of 0.68.

Keane Group (NYSE:FRAC) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Keane Group had a net margin of 4.51% and a return on equity of 25.22%. The company had revenue of $558.91 million during the quarter, compared to the consensus estimate of $545.56 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, research analysts forecast that Keane Group will post 0.76 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FRAC. Meeder Asset Management Inc. lifted its stake in shares of Keane Group by 439.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,996 shares of the company’s stock worth $109,000 after buying an additional 6,515 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Keane Group during the 2nd quarter worth about $140,000. Verition Fund Management LLC acquired a new stake in shares of Keane Group during the 2nd quarter worth about $148,000. Cubist Systematic Strategies LLC lifted its stake in shares of Keane Group by 638.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 12,574 shares of the company’s stock worth $186,000 after buying an additional 10,871 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Keane Group during the 2nd quarter worth about $198,000. Institutional investors own 86.88% 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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