Keane Group (NYSE:FRAC) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat.com reports. The firm currently has a $18.00 target price on the stock, down from their previous target price of $20.00. Citigroup’s price target suggests a potential upside of 23.63% from the company’s previous close.
A number of other research analysts have also commented on FRAC. BidaskClub lowered shares of Keane Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Jefferies Group decreased their price target on shares of Keane Group from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Keane Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Barclays raised shares of Keane Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies set a $23.00 price objective on shares of Keane Group and gave the company a “buy” rating in a report on Monday, December 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.82.
Keane Group (NYSE:FRAC) opened at $14.56 on Tuesday. Keane Group has a 52 week low of $12.42 and a 52 week high of $21.90. The company has a quick ratio of 1.26, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.
Several institutional investors have recently modified their holdings of the company. Viking Fund Management LLC lifted its stake in Keane Group by 14.0% in the 3rd quarter. Viking Fund Management LLC now owns 490,000 shares of the company’s stock valued at $8,173,000 after purchasing an additional 60,000 shares during the last quarter. Teachers Advisors LLC lifted its stake in Keane Group by 142.6% in the 2nd quarter. Teachers Advisors LLC now owns 120,294 shares of the company’s stock valued at $1,925,000 after purchasing an additional 70,707 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Keane Group by 243.6% in the 3rd quarter. Nationwide Fund Advisors now owns 114,849 shares of the company’s stock valued at $1,916,000 after purchasing an additional 81,419 shares during the last quarter. Gagnon Securities LLC lifted its stake in Keane Group by 21.0% in the 3rd quarter. Gagnon Securities LLC now owns 41,279 shares of the company’s stock valued at $689,000 after purchasing an additional 7,162 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Keane Group by 152.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 351,005 shares of the company’s stock valued at $5,858,000 after purchasing an additional 211,839 shares during the last quarter. 38.90% of the stock is owned by institutional investors.
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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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