Keane Group (NYSE:FRAC) received a $15.00 target price from equities research analysts at Cowen in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Cowen’s price objective points to a potential downside of 3.47% from the stock’s current price.
Several other equities analysts have also weighed in on FRAC. Morgan Stanley decreased their price objective on shares of Keane Group from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday. BMO Capital Markets upgraded shares of Keane Group from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Tuesday. ValuEngine upgraded shares of Keane Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Piper Jaffray set a $22.00 price objective on shares of Keane Group and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Guggenheim restated a “buy” rating and issued a $25.00 price objective on shares of Keane Group in a report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.05.
NYSE:FRAC traded down $0.29 on Friday, hitting $15.54. The stock had a trading volume of 215,307 shares, compared to its average volume of 1,554,471. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.55 and a quick ratio of 1.42. The firm has a market capitalization of $1,803.76, a price-to-earnings ratio of 97.69, a PEG ratio of 0.28 and a beta of -0.39. Keane Group has a 1-year low of $12.42 and a 1-year high of $19.83.
In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 13,321,753 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $18.25, for a total value of $243,121,992.25. Following the sale, the insider now directly owns 58,917,686 shares of the company’s stock, valued at approximately $1,075,247,769.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elmer Dale Reed sold 6,941 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $15.89, for a total transaction of $110,292.49. Following the completion of the sale, the director now directly owns 24,308 shares in the company, valued at $386,254.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,326,956 shares of company stock worth $279,700,566.
Large investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new position in shares of Keane Group in the 4th quarter valued at $326,000. Macquarie Group Ltd. grew its position in shares of Keane Group by 11.9% in the 4th quarter. Macquarie Group Ltd. now owns 1,436,996 shares of the company’s stock valued at $27,317,000 after buying an additional 152,504 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Keane Group in the 4th quarter valued at $215,000. TIAA CREF Investment Management LLC grew its position in shares of Keane Group by 2.6% in the 4th 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 last quarter. Finally, Teachers Advisors LLC grew its position in shares of Keane Group by 6.3% in the 4th quarter. Teachers Advisors LLC now owns 202,543 shares of the company’s stock valued at $3,850,000 after buying an additional 11,977 shares during the last quarter. 34.07% of the stock is currently owned by institutional investors.
Keane Group Company Profile
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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