Keane Group Inc (FRAC) Coverage Initiated at Barclays PLC

Barclays PLC assumed coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a research report released on Friday morning, Marketbeat Ratings reports. The firm issued an underweight rating and a $16.00 target price on the stock.

FRAC has been the topic of several other research reports. Zacks Investment Research raised 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. Piper Jaffray Companies reaffirmed a buy rating and issued a $16.15 price target (down previously from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. BidaskClub raised shares of Keane Group from a buy rating to a strong-buy rating in a report on Saturday, September 30th. Morgan Stanley reaffirmed an overweight rating and issued a $22.00 price target (down previously from $25.00) on shares of Keane Group in a report on Wednesday, June 21st. Finally, Iberia Capital began coverage on shares of Keane Group in a report on Friday, June 23rd. They issued an outperform rating and a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Keane Group has an average rating of Buy and an average target price of $20.74.

Keane Group (FRAC) opened at 16.31 on Friday. The company’s market cap is $1.82 billion. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93. The firm’s 50-day moving average price is $15.58 and its 200-day moving average price is $15.58.

Keane Group (NASDAQ:FRAC) last posted its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the 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 return on equity of 14.38% and a negative net margin of 3.68%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. Equities research analysts forecast that Keane Group will post $0.10 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in Keane Group by 4,762.9% in the second quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock valued at $68,001,000 after acquiring an additional 4,162,694 shares during the last quarter. Vanguard Group Inc. increased its stake in Keane Group by 10.3% in the second quarter. Vanguard Group Inc. now owns 2,461,921 shares of the company’s stock valued at $39,391,000 after acquiring an additional 230,738 shares during the last quarter. Omega Advisors Inc. bought a new position in Keane Group in the first quarter valued at $31,293,000. Ameriprise

FRAC has been the topic of several other research reports. Zacks Investment Research raised 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. Piper Jaffray Companies reaffirmed a buy rating and issued a $16.15 price target (down previously from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. BidaskClub raised shares of Keane Group from a buy rating to a strong-buy rating in a report on Saturday, September 30th. Morgan Stanley reaffirmed an overweight rating and issued a $22.00 price target (down previously from $25.00) on shares of Keane Group in a report on Wednesday, June 21st. Finally, Iberia Capital began coverage on shares of Keane Group in a report on Friday, June 23rd. They issued an outperform rating and a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Keane Group has an average rating of Buy and an average target price of $20.74.

Keane Group (FRAC) opened at 16.31 on Friday. The company’s market cap is $1.82 billion. Keane Group has a 1-year low of $12.70 and a 1-year high of $22.93. The firm’s 50-day moving average price is $15.58 and its 200-day moving average price is $15.58.

Keane Group (NASDAQ:FRAC) last posted its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the 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 return on equity of 14.38% and a negative net margin of 3.68%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. Equities research analysts forecast that Keane Group will post $0.10 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/keane-group-inc-frac-coverage-initiated-at-barclays-plc.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in Keane Group by 4,762.9% in the second quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock valued at $68,001,000 after acquiring an additional 4,162,694 shares during the last quarter. Vanguard Group Inc. increased its stake in Keane Group by 10.3% in the second quarter. Vanguard Group Inc. now owns 2,461,921 shares of the company’s stock valued at $39,391,000 after acquiring an additional 230,738 shares during the last quarter. Omega Advisors Inc. bought a new position in Keane Group in the first quarter valued at $31,293,000. Ameriprise Financial Inc. increased its stake in Keane Group by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 2,103,945 shares of the company’s stock valued at $33,662,000 after acquiring an additional 109,364 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Keane Group in the first quarter valued at $26,731,000.

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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