Keane Group Inc (NASDAQ:FRAC) had its price target hoisted by investment analysts at J P Morgan Chase & Co from $22.00 to $23.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 67.39% from the stock’s current price.

FRAC has been the topic of several other reports. Morgan Stanley reiterated an “overweight” rating and issued a $22.00 price objective (down from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Citigroup Inc. downgraded shares of Keane Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $14.00 in a research report on Wednesday, August 30th. Iberia Capital initiated coverage on shares of Keane Group in a research report on Friday, June 23rd. They issued an “outperform” rating and a $19.00 price objective on the stock. Capital One Financial Corporation reiterated an “overweight” rating on shares of Keane Group in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Keane Group in a research report on Monday, June 5th. They issued a “neutral” rating and a $17.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Keane Group presently has an average rating of “Buy” and a consensus target price of $20.82.

Keane Group (NASDAQ FRAC) opened at 13.74 on Tuesday. The firm’s 50-day moving average is $13.18 and its 200 day moving average is $16.41. Keane Group has a 12 month low of $12.70 and a 12 month high of $22.93. The firm’s market capitalization is $1.54 billion.

Keane Group (NASDAQ:FRAC) last issued its quarterly earnings data on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The firm had revenue of $323.10 million for the quarter, compared to the consensus estimate of $316.71 million. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. Equities analysts predict that Keane Group will post $0.09 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in FRAC. Nationwide Fund Advisors bought a new stake in shares of Keane Group during the 1st quarter worth about $119,000. Strs Ohio bought a new stake in shares of Keane Group during the 1st quarter worth about $131,000. Russell Investments Group Ltd. bought a new stake in shares of Keane Group during the 1st quarter worth about $759,000. Wells Fargo & Company MN bought a new stake in shares of Keane Group during the 1st quarter worth about $1,542,000. Finally, American Century Companies Inc. bought a new stake in shares of Keane Group during the 1st quarter worth about $4,894,000.

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.

Analyst Recommendations for Keane Group (NASDAQ:FRAC)

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