Keane Group Inc (NYSE:FRAC) shares dropped 7.4% during trading on Thursday . The stock traded as low as $14.09 and last traded at $14.15. Approximately 1,590,078 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 1,946,551 shares. The stock had previously closed at $15.28.

FRAC has been the subject of several research reports. BidaskClub upgraded Keane Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered Keane Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Scotiabank upgraded Keane Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday. Piper Jaffray Companies set a $23.00 target price on Keane Group and gave the stock a “buy” rating in a research report on Monday, December 25th. Finally, Barclays upgraded Keane Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.05.

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 1.26.

In related news, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $18.25, for a total transaction of $36,468,281.50. Following the completion of the transaction, the insider now owns 58,917,686 shares in the company, valued at approximately $1,075,247,769.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in Keane Group by 64.2% during the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after purchasing an additional 2,985 shares during the period. Quantbot Technologies LP bought a new stake in Keane Group during the 3rd quarter valued at $121,000. Boothbay Fund Management LLC bought a new stake in Keane Group during the 3rd quarter valued at $173,000. Parametric Portfolio Associates LLC bought a new stake in Keane Group during the 2nd quarter valued at $179,000. Finally, Advisors Asset Management Inc. raised its stake in Keane Group by 566.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock valued at $183,000 after acquiring an additional 9,326 shares in the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.

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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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