Keane Group (NYSE:FRAC) has been given a $18.00 target price by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 36.57% from the stock’s current price.
Other analysts have also issued research reports about the company. Wells Fargo & Co lowered Keane Group from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a report on Friday, June 29th. Morgan Stanley dropped their target price on Keane Group from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, April 11th. Zacks Investment Research lowered Keane Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Goldman Sachs Group began coverage on Keane Group in a report on Monday, June 11th. They set a “buy” rating and a $21.50 target price on the stock. Finally, Cowen set a $15.00 target price on Keane Group and gave the stock a “buy” rating in a report on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Keane Group presently has a consensus rating of “Buy” and an average target price of $20.09.
Shares of Keane Group traded up $0.09, hitting $13.18, on Wednesday, MarketBeat Ratings reports. 784,500 shares of the stock were exchanged, compared to its average volume of 1,483,298. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.54 and a quick ratio of 1.39. The stock has a market capitalization of $1.50 billion, a P/E ratio of 82.38, a P/E/G ratio of 0.26 and a beta of -0.47. Keane Group has a fifty-two week low of $12.40 and a fifty-two week high of $19.83.
Keane Group (NYSE:FRAC) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $513.00 million for the quarter, compared to analyst estimates of $500.02 million. Keane Group had a return on equity of 13.67% and a net margin of 1.57%. The firm’s quarterly revenue was up 113.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.70) earnings per share. equities analysts expect that Keane Group will post 1.31 EPS for the current year.
In other Keane Group news, Chairman James Carl Stewart sold 40,977 shares of the company’s stock in a transaction that occurred on Thursday, April 19th. The stock was sold at an average price of $16.01, for a total value of $656,041.77. Following the sale, the chairman now owns 106,312 shares in the company, valued at $1,702,055.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory Powell sold 40,583 shares of the company’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $16.01, for a total value of $649,733.83. Following the completion of the sale, the insider now owns 85,130 shares in the company, valued at approximately $1,362,931.30. The disclosure for this sale can be found here. Insiders sold 157,586 shares of company stock worth $2,533,680 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in Keane Group by 15.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 32,848 shares of the company’s stock valued at $625,000 after buying an additional 4,495 shares during the period. Alliancebernstein L.P. raised its stake in Keane Group by 9.8% in the fourth quarter. Alliancebernstein L.P. now owns 51,500 shares of the company’s stock valued at $979,000 after buying an additional 4,600 shares during the period. TIAA CREF Investment Management LLC raised its stake in Keane Group by 2.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 215,463 shares of the company’s stock valued at $4,096,000 after buying an additional 5,553 shares during the period. Swiss National Bank raised its stake in Keane Group by 11.1% in the fourth quarter. Swiss National Bank now owns 57,200 shares of the company’s stock valued at $1,087,000 after buying an additional 5,700 shares during the period. Finally, American International Group Inc. raised its stake in Keane Group by 26.9% in the first quarter. American International Group Inc. now owns 34,103 shares of the company’s stock valued at $505,000 after buying an additional 7,233 shares during the period. Hedge funds and other institutional investors own 81.14% of the company’s stock.
About Keane Group
Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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