Hodges Capital Management Inc. Buys New Holdings in Keane Group Inc (FRAC)

Hodges Capital Management Inc. bought a new stake in Keane Group Inc (NYSE:FRAC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 487,830 shares of the company’s stock, valued at approximately $6,034,000. Hodges Capital Management Inc. owned 0.44% of Keane Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FRAC. Bank of New York Mellon Corp lifted its position in Keane Group by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 345,458 shares of the company’s stock valued at $4,723,000 after buying an additional 6,062 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Keane Group by 439.9% during the second quarter. Meeder Asset Management Inc. now owns 7,996 shares of the company’s stock valued at $109,000 after buying an additional 6,515 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Keane Group by 23.4% during the first quarter. The Manufacturers Life Insurance Company now owns 40,539 shares of the company’s stock valued at $600,000 after buying an additional 7,691 shares in the last quarter. Swiss National Bank lifted its position in Keane Group by 9.8% during the second quarter. Swiss National Bank now owns 91,100 shares of the company’s stock valued at $1,245,000 after buying an additional 8,100 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in Keane Group during the first quarter valued at approximately $148,000. Hedge funds and other institutional investors own 86.49% of the company’s stock.

A number of research analysts have weighed in on FRAC shares. ValuEngine raised shares of Keane Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Zacks Investment Research cut shares of Keane Group from a “hold” rating to a “sell” rating in a research report on Monday, September 3rd. R. F. Lafferty reduced their price target on shares of Keane Group from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, September 6th. JPMorgan Chase & Co. reduced their price target on shares of Keane Group from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. Finally, Citigroup reduced their price target on shares of Keane Group from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, July 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.79.



NYSE FRAC opened at $11.29 on Tuesday. Keane Group Inc has a 52 week low of $10.12 and a 52 week high of $19.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.68. The firm has a market cap of $1.25 billion, a PE ratio of 12.40, a PEG ratio of 0.36 and a beta of -0.54.

Keane Group (NYSE:FRAC) last posted its earnings results on Monday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $578.50 million for the quarter, compared to analysts’ expectations of $558.88 million. Keane Group had a net margin of 3.40% and a return on equity of 20.43%. The business’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. As a group, equities research analysts anticipate that Keane Group Inc will post 0.79 earnings per share for the current year.

Keane Group 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.

Read More: Book Value Per Share – BVPS

Institutional Ownership by Quarter for Keane Group (NYSE:FRAC)

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