Scotia Howard Weill Begins Coverage on Keane Group Inc (FRAC)
Scotia Howard Weill assumed coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a research report sent to investors on Tuesday morning. The firm issued a sector perform rating and a $24.00 target price on the stock.
A number of other brokerages have also weighed in on FRAC. Bank of America Corporation assumed coverage on shares of Keane Group in a research report on Tuesday. They issued a neutral rating and a $23.00 target price on the stock. Scotiabank began coverage on shares of Keane Group in a report on Tuesday. They set a sector perform rating and a $24.00 price target on the stock. Guggenheim began coverage on shares of Keane Group in a report on Tuesday. They set a buy rating and a $30.00 price target on the stock. Howard Weil began coverage on shares of Keane Group in a report on Tuesday. They set a sector perform rating and a $24.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of Keane Group in a report on Tuesday. They set an overweight rating and a $27.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $25.35.
Keane Group (NASDAQ:FRAC) opened at 20.39 on Tuesday. The firm’s 50-day moving average price is $21.47 and its 200-day moving average price is $21.47. Keane Group has a 12-month low of $20.14 and a 12-month high of $22.93.
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In other news, major shareholder Keane Investor Holdings Llc sold 15,074,000 shares of Keane Group stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $19.00, for a total transaction of $286,406,000.00. Following the transaction, the insider now owns 72,239,439 shares in the company, valued at $1,372,549,341. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
About Keane Group
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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