Keane Group (NYSE:FRAC)‘s stock had its “buy” rating restated by R. F. Lafferty in a report released on Tuesday, February 26th. They currently have a $26.00 price target on the stock. R. F. Lafferty’s price objective points to a potential upside of 168.32% from the company’s previous close.
A number of other analysts have also recently weighed in on FRAC. GMP Securities upgraded shares of Keane Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. Jefferies Financial Group cut shares of Keane Group from a “buy” rating to a “hold” rating and set a $9.37 price target on the stock. in a report on Thursday, January 10th. TheStreet cut shares of Keane Group from a “c-” rating to a “d+” rating in a research note on Monday, December 10th. Wells Fargo & Co upgraded shares of Keane Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $13.00 to $16.00 in a research note on Friday, November 2nd. Finally, Citigroup reduced their price target on shares of Keane Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.62.
Keane Group stock traded down $0.59 during midday trading on Tuesday, hitting $9.69. 652,027 shares of the company’s stock were exchanged, compared to its average volume of 880,530. Keane Group has a 12 month low of $7.44 and a 12 month high of $16.97. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 10.53 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.34.
In other news, insider James Carl Stewart sold 108,304 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $10.30, for a total transaction of $1,115,531.20. Following the transaction, the insider now owns 260,027 shares of the company’s stock, valued at approximately $2,678,278.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory Powell sold 43,271 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $10.57, for a total transaction of $457,374.47. Following the transaction, the chief financial officer now directly owns 215,874 shares in the company, valued at approximately $2,281,788.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,933 shares of company stock worth $1,977,199. 0.64% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in Keane Group by 8,067.6% during the fourth quarter. Bank of Montreal Can now owns 103,483 shares of the company’s stock worth $847,000 after purchasing an additional 102,216 shares during the period. Vanguard Group Inc increased its stake in Keane Group by 0.8% during the third quarter. Vanguard Group Inc now owns 4,167,693 shares of the company’s stock worth $51,555,000 after purchasing an additional 33,691 shares during the period. Russell Investments Group Ltd. increased its stake in Keane Group by 52.4% during the third quarter. Russell Investments Group Ltd. now owns 96,065 shares of the company’s stock worth $1,189,000 after purchasing an additional 33,010 shares during the period. Teachers Advisors LLC increased its stake in Keane Group by 0.4% during the third quarter. Teachers Advisors LLC now owns 1,208,542 shares of the company’s stock worth $14,950,000 after purchasing an additional 4,946 shares during the period. Finally, Algert Global LLC purchased a new stake in Keane Group during the fourth quarter worth about $976,000. Hedge funds and other institutional investors own 90.42% 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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