Keane Group Inc (FRAC) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Keane Group Inc (NASDAQ:FRAC) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $19.00 target price on the stock.

According to Zacks, “Keane Group, Inc. is a provider of integrated well completion services primarily in the U.S. It focuses on complex, technically demanding completion solutions. The company primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions as well as other value-added service offerings. Keane Group, Inc. is headquartered in Houston, Texas. “

Several other equities analysts also recently issued reports on the stock. BidaskClub upgraded shares of Keane Group from a buy rating to a strong-buy rating in a research note on Saturday, September 30th. Piper Jaffray Companies restated a buy rating and issued a $18.00 price objective on shares of Keane Group in a research note on Tuesday, September 19th. J P Morgan Chase & Co upped their price objective on shares of Keane Group from $22.00 to $23.00 and gave the company an overweight rating in a research note on Tuesday, September 12th. Citigroup Inc. downgraded shares of Keane Group from a buy rating to a neutral rating and decreased their price objective for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Finally, Scotiabank set a $21.00 price objective on shares of Keane Group and gave the company a hold rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $20.74.

Shares of Keane Group (FRAC) traded down 6.28% during trading on Wednesday, reaching $16.11. The company had a trading volume of 662,915 shares. The firm has a 50-day moving average of $15.54 and a 200 day moving average of $15.54. The firm’s market capitalization is $1.80 billion. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93.

Keane Group (NASDAQ:FRAC) last issued its earnings results on Monday, July 31st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm had revenue of $323.10 million during the quarter, compared to the consensus estimate of $316.71 million. The company’s revenue was up 34.5% on a year-over-year basis. Analysts expect that Keane Group will post $0.10 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/08/keane-group-inc-frac-stock-rating-upgraded-by-zacks-investment-research.html.

Several institutional investors and hedge funds have recently made changes to their positions in FRAC. Nationwide Fund Advisors acquired a new stake in shares of Keane Group during the first quarter worth about $119,000. Strs Ohio acquired a new stake in shares of Keane Group during the first quarter worth about $131,000. Russell Investments Group Ltd. acquired a new stake in shares of Keane Group during the first quarter worth about $759,000. Wells Fargo & Company MN acquired a new stake in shares of Keane Group during the first quarter worth about $1,542,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Keane Group during the first quarter worth about $1,549,000.

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.

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According to Zacks, “Keane Group, Inc. is a provider of integrated well completion services primarily in the U.S. It focuses on complex, technically demanding completion solutions. The company primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions as well as other value-added service offerings. Keane Group, Inc. is headquartered in Houston, Texas. “

Several other equities analysts also recently issued reports on the stock. BidaskClub upgraded shares of Keane Group from a buy rating to a strong-buy rating in a research note on Saturday, September 30th. Piper Jaffray Companies restated a buy rating and issued a $18.00 price objective on shares of Keane Group in a research note on Tuesday, September 19th. J P Morgan Chase & Co upped their price objective on shares of Keane Group from $22.00 to $23.00 and gave the company an overweight rating in a research note on Tuesday, September 12th. Citigroup Inc. downgraded shares of Keane Group from a buy rating to a neutral rating and decreased their price objective for the company from $19.00 to $14.00 in a research note on Wednesday, August 30th. Finally, Scotiabank set a $21.00 price objective on shares of Keane Group and gave the company a hold rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $20.74.

Shares of Keane Group (FRAC) traded down 6.28% during trading on Wednesday, reaching $16.11. The company had a trading volume of 662,915 shares. The firm has a 50-day moving average of $15.54 and a 200 day moving average of $15.54. The firm’s market capitalization is $1.80 billion. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93.

Keane Group (NASDAQ:FRAC) last issued its earnings results on Monday, July 31st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm had revenue of $323.10 million during the quarter, compared to the consensus estimate of $316.71 million. The company’s revenue was up 34.5% on a year-over-year basis. Analysts expect that Keane Group will post $0.10 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/08/keane-group-inc-frac-stock-rating-upgraded-by-zacks-investment-research.html.

Several institutional investors and hedge funds have recently made changes to their positions in FRAC. Nationwide Fund Advisors acquired a new stake in shares of Keane Group during the first quarter worth about $119,000. Strs Ohio acquired a new stake in shares of Keane Group during the first quarter worth about $131,000. Russell Investments Group Ltd. acquired a new stake in shares of Keane Group during the first quarter worth about $759,000. Wells Fargo & Company MN acquired a new stake in shares of Keane Group during the first quarter worth about $1,542,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Keane Group during the first quarter worth about $1,549,000.

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.

Get a free copy of the Zacks research report on Keane Group (FRAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Keane Group (NASDAQ:FRAC)

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