Several other equities research analysts have also recently weighed in on the company. Scotia Howard Weill initiated coverage on Keane Group in a report on Tuesday, February 14th. They issued a sector perform rating and a $24.00 target price for the company. R. F. Lafferty initiated coverage on Keane Group in a report on Wednesday, April 26th. They issued a buy rating and a $22.00 target price for the company. Scotiabank set a $21.00 target price on Keane Group and gave the stock a hold rating in a report on Thursday, May 4th. Bank of America Corporation upgraded Keane Group from a neutral rating to a buy rating and set a $23.00 target price for the company in a report on Friday, March 10th. Finally, Nomura initiated coverage on Keane Group in a report on Wednesday, April 19th. They issued a neutral rating and a $17.00 target price for the company. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $22.43.
Keane Group (NASDAQ:FRAC) traded down 3.25% on Thursday, hitting $14.60. 924,878 shares of the stock traded hands. The stock’s market cap is $1.51 billion. Keane Group has a 52 week low of $12.42 and a 52 week high of $22.93. The firm’s 50 day moving average is $14.81 and its 200 day moving average is $16.56.
WARNING: This news story was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://sportsperspectives.com/2017/06/20/keane-group-inc-frac-pt-raised-to-19-00-at-citigroup-inc-updated-updated.html.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. purchased a new position in shares of Keane Group during the first quarter worth $4,894,000. Wells Fargo & Company MN purchased a new position in shares of Keane Group during the first quarter worth $1,542,000. Emerald Advisers Inc. PA purchased a new position in shares of Keane Group during the first quarter worth $12,012,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Keane Group during the first quarter worth $9,483,000. Finally, Deltec Asset Management LLC purchased a new position in shares of Keane Group during the first quarter worth $722,000.
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.
Receive News & Ratings for Keane Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.