Citigroup Inc. Increases Keane Group Inc (FRAC) Price Target to $19.00

Keane Group Inc (NASDAQ:FRAC) had its price target hoisted by Citigroup Inc. from $17.00 to $19.00 in a research note published on Thursday, May 25th. They currently have a buy rating on the stock.

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.

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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.

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