Gagnon Securities LLC increased its holdings in Keane Group, Inc. (NYSE:FRAC) by 21.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,279 shares of the company’s stock after buying an additional 7,162 shares during the quarter. Gagnon Securities LLC’s holdings in Keane Group were worth $689,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in Keane Group by 64.2% during the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after acquiring an additional 2,985 shares during the period. Quantbot Technologies LP bought a new stake in Keane Group during the 3rd quarter worth approximately $121,000. Boothbay Fund Management LLC bought a new stake in Keane Group during the 3rd quarter worth approximately $173,000. Parametric Portfolio Associates LLC bought a new stake in Keane Group during the 2nd quarter worth approximately $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 worth $183,000 after acquiring an additional 9,326 shares during the period. 38.30% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on FRAC shares. Jefferies Group started coverage on shares of Keane Group in a research note on Thursday, October 5th. They set a “buy” rating and a $20.00 target price on the stock. Citigroup set a $18.00 target price on shares of Keane Group and gave the stock a “hold” rating in a research note on Thursday, October 5th. Barclays started coverage on shares of Keane Group in a research note on Friday, October 6th. They set an “underweight” rating and a $16.00 target price on the stock. BidaskClub cut shares of Keane Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, J P Morgan Chase & Co raised their target price on shares of Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 12th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Keane Group currently has an average rating of “Hold” and an average target price of $20.68.
Shares of Keane Group, Inc. (NYSE:FRAC) opened at $14.86 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41. Keane Group, Inc. has a 1 year low of $12.42 and a 1 year high of $22.93.
Keane Group (NYSE:FRAC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.12). The company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $493.40 million. Keane Group had a negative net margin of 9.90% and a negative return on equity of 19.19%. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. equities research analysts forecast that Keane Group, Inc. will post 0.1 earnings per share for the current year.
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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