Keane Group Inc (FRAC) Given Consensus Recommendation of “Buy” by Brokerages

Keane Group Inc (NYSE:FRAC) has received a consensus rating of “Buy” from the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.57.

A number of equities research analysts recently weighed in on the company. GMP Securities upgraded Keane Group from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine lowered Keane Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. TheStreet upgraded Keane Group from a “d” rating to a “c-” rating in a research report on Monday, October 1st. Zacks Investment Research lowered Keane Group from a “hold” rating to a “sell” rating in a research report on Monday, September 3rd. Finally, Wells Fargo & Co upgraded Keane Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $13.00 to $16.00 in a research report on Friday, November 2nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Keane Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,167,693 shares of the company’s stock valued at $51,555,000 after buying an additional 33,691 shares during the last quarter. Penn Capital Management Co. Inc. grew its position in shares of Keane Group by 7.0% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 936,640 shares of the company’s stock valued at $12,816,000 after buying an additional 61,570 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Keane Group by 0.4% in the 3rd quarter. Teachers Advisors LLC now owns 1,208,542 shares of the company’s stock valued at $14,950,000 after buying an additional 4,946 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Keane Group by 32.4% in the 3rd quarter. Macquarie Group Ltd. now owns 2,615,036 shares of the company’s stock valued at $32,348,000 after buying an additional 639,558 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its position in shares of Keane Group by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 40,108 shares of the company’s stock valued at $496,000 after buying an additional 14,266 shares during the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Shares of FRAC stock opened at $9.80 on Thursday. The firm has a market cap of $1.03 billion, a P/E ratio of 8.45, a PEG ratio of 0.37 and a beta of -0.56. Keane Group has a twelve month low of $9.68 and a twelve month high of $19.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 1.46.

Keane Group (NYSE:FRAC) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $558.91 million for the quarter, compared to analyst estimates of $545.56 million. Keane Group had a return on equity of 25.19% and a net margin of 4.51%. Keane Group’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. Equities research analysts expect that Keane Group will post 0.66 EPS for the current fiscal year.

Keane Group Company Profile

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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Analyst Recommendations for Keane Group (NYSE:FRAC)

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