Gagnon Securities LLC increased its stake in Keane Group Inc (NASDAQ:FRAC) by 48.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,117 shares of the company’s stock after buying an additional 11,148 shares during the period. Gagnon Securities LLC’s holdings in Keane Group were worth $546,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in FRAC. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Keane Group during the first quarter valued at $9,483,000. Oxford Asset Management purchased a new stake in shares of Keane Group during the first quarter valued at $1,481,000. Point72 Europe London LLP purchased a new stake in shares of Keane Group during the first quarter valued at $5,539,000. Ameriprise Financial Inc. purchased a new stake in shares of Keane Group during the first quarter valued at $28,518,000. Finally, Creative Planning purchased a new stake in shares of Keane Group during the first quarter valued at $177,000.
Shares of Keane Group Inc (NASDAQ FRAC) traded down 5.07% during midday trading on Friday, hitting $15.36. 1,234,017 shares of the stock were exchanged. The firm has a 50 day moving average of $15.36 and a 200-day moving average of $16.36. The company’s market cap is $1.58 billion. Keane Group Inc has a one year low of $12.42 and a one year high of $22.93.
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A number of research firms have recently commented on FRAC. Piper Jaffray Companies restated a “buy” rating and issued a $16.15 price target (down from $17.00) on shares of Keane Group in a report on Wednesday, July 12th. Iberia Capital assumed coverage on shares of Keane Group in a report on Friday, June 23rd. They issued an “outperform” rating and a $19.00 price target on the stock. Citigroup Inc. increased their target price on shares of Keane Group from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Susquehanna Bancshares Inc assumed coverage on shares of Keane Group in a report on Monday, June 5th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, Instinet reiterated a “neutral” rating and set a $17.00 target price on shares of Keane Group in a report on Wednesday, April 19th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $21.38.
Keane Group Company Profile
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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