Tortoise Capital Advisors L.L.C. bought a new stake in Keane Group, Inc. (NYSE:FRAC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,307 shares of the company’s stock, valued at approximately $1,356,000. Tortoise Capital Advisors L.L.C. owned approximately 0.07% of Keane Group at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FRAC. Teachers Advisors LLC acquired a new stake in Keane Group in the first quarter valued at approximately $709,000. TIAA CREF Investment Management LLC acquired a new stake in Keane Group in the first quarter valued at approximately $759,000. Geode Capital Management LLC acquired a new stake in Keane Group in the first quarter valued at approximately $2,726,000. Morgan Stanley acquired a new stake in Keane Group in the first quarter valued at approximately $1,651,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Keane Group in the first quarter valued at approximately $744,000. Hedge funds and other institutional investors own 38.30% of the company’s stock.

Shares of Keane Group, Inc. (NYSE FRAC) opened at $15.75 on Friday. Keane Group, Inc. has a 52 week low of $12.42 and a 52 week high of $22.93. The company has a quick ratio of 1.26, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.

Keane Group (NYSE:FRAC) last posted its earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative return on equity of 19.19% and a negative net margin of 9.90%. Keane Group’s revenue was up 47.7% compared to the same quarter last year. equities research analysts expect that Keane Group, Inc. will post 0.1 EPS for the current fiscal year.

A number of brokerages have weighed in on FRAC. Barclays began coverage on shares of Keane Group in a research report on Friday, October 6th. They issued an “underweight” rating and a $16.00 target price on the stock. Citigroup set a $18.00 price target on shares of Keane Group and gave the stock a “hold” rating in a report on Thursday, October 5th. Jefferies Group assumed coverage on shares of Keane Group in a report on Thursday, October 5th. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Keane Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.68.

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Keane Group Profile

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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Institutional Ownership by Quarter for Keane Group (NYSE:FRAC)

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