Keane Group (FRAC) Given “Buy” Rating at Guggenheim
A number of other equities analysts also recently weighed in on the stock. Piper Jaffray Companies set a $23.00 target price on shares of Keane Group and gave the stock a buy rating in a report on Monday, December 25th. Zacks Investment Research upgraded shares of Keane Group from a hold rating to a buy rating and set a $21.00 target price on the stock in a report on Monday, January 8th. Citigroup upgraded shares of Keane Group from a neutral rating to a buy rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Tuesday, February 13th. Stephens started coverage on shares of Keane Group in a report on Tuesday, January 9th. They set an overweight rating and a $24.00 target price on the stock. Finally, Scotiabank upgraded shares of Keane Group from a sector perform rating to a buy rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Keane Group presently has an average rating of Buy and an average target price of $20.05.
Shares of Keane Group (NYSE:FRAC) traded up $0.07 during mid-day trading on Thursday, hitting $16.25. 90,353 shares of the stock were exchanged, compared to its average volume of 1,818,972. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41. The company has a market capitalization of $1,810.00 and a price-to-earnings ratio of -42.58. Keane Group has a twelve month low of $12.42 and a twelve month high of $19.83.
Several large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in shares of Keane Group in the fourth quarter valued at $326,000. Macquarie Group Ltd. increased its holdings in shares of Keane Group by 11.9% in the fourth quarter. Macquarie Group Ltd. now owns 1,436,996 shares of the company’s stock valued at $27,317,000 after purchasing an additional 152,504 shares during the last quarter. PEAK6 Investments L.P. acquired a new position in shares of Keane Group in the fourth quarter valued at $215,000. TIAA CREF Investment Management LLC increased its holdings in shares of Keane Group by 2.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 215,463 shares of the company’s stock valued at $4,096,000 after purchasing an additional 5,553 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Keane Group by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 202,543 shares of the company’s stock valued at $3,850,000 after purchasing an additional 11,977 shares during the last quarter. Hedge funds and other institutional investors own 34.25% of the company’s stock.
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Keane Group Company 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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