Keane Group (NYSE:FRAC) received a $23.00 target price from investment analysts at Piper Jaffray Companies in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ target price would indicate a potential upside of 22.86% from the stock’s current price.
A number of other equities analysts also recently commented on FRAC. Jefferies Group reduced their target price on shares of Keane Group from $20.00 to $19.00 and set a “buy” rating for the company in a report on Friday, November 3rd. BidaskClub upgraded shares of Keane Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Barclays assumed coverage on shares of Keane Group in a report on Friday, October 6th. They issued an “underweight” rating and a $16.00 target price for the company. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, October 4th. Finally, Citigroup set a $18.00 target price on shares of Keane Group and gave the stock a “hold” rating in a report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.95.
Keane Group (FRAC) traded up $0.87 during trading hours on Monday, reaching $18.72. 419,796 shares of the company were exchanged, compared to its average volume of 1,097,648. Keane Group has a 52 week low of $12.42 and a 52 week high of $22.93. The stock has a market capitalization of $2,060.00 and a price-to-earnings ratio of -15.34. The company has a current ratio of 1.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60.
Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in shares of Keane Group during the 3rd quarter valued at approximately $121,000. Legal & General Group Plc lifted its position in shares of 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 buying an additional 2,985 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Keane Group during the 3rd quarter valued at approximately $173,000. Advisors Asset Management Inc. lifted its position in shares of 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 buying an additional 9,326 shares in the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of Keane Group during the 2nd quarter valued at approximately $179,000. Institutional investors and hedge funds own 38.30% of the company’s stock.
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.
