Analysts' Activity to Watch: Keane Group Inc (FRAC)

Keane Group stock opened at $15.60 on Tuesday.

Keane Group, Inc. has a consensus outperform rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 14.67% of shares outstanding. The company now has a consensus rating of "Buy" and an average price target of $20.63. Zacks Investment Research cut Keane Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 20th.

In a report released by Citigroup's equity analysts, Keane Group (FRAC) had it's stock Rating maintained to Buy. Morgan Stanley decreased their price objective on Keane Group from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Wednesday, April 11th. They issued an "outperform" rating and a $20.00 price target on the stock. The firm has "Buy" rating given on Monday, March 19 by Piper Jaffray.

Keane Group Inc (NYSE:FRAC)'s revenue estimates for the current quarter are $561.33 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $588 Million in contradiction of low revenue estimates of $531.5 Million. The company has market cap of $1.77 billion. The public company has 109.35M shares outstanding now, as well as a market cap of $1.71B. On Friday, April 13 the stock has "Buy" rating by Cowen & Co. Fifth Third National Bank & Trust reported 3,000 shares or 0% of all its holdings. Keane Group had a return on equity of 13.67% and a net margin of 1.57%. The firm had revenue of $513.00 million during the quarter, compared to analysts' expectations of $500.02 million. During the same period in the prior year, the company earned ($0.70) EPS. The firm's revenue for the quarter was up 113.6% compared to the same quarter past year. Comparatively, 58.8% of shares of all "Oil & gas field services, not elsewhere classified" companies are held by institutional investors. Alliancebernstein L.P. lifted its stake in Keane Group by 9.8% in the fourth quarter.

The company's consensus rating on Reuter's scale remained unchanged from 2.5 to 2.5 during a month. On Tuesday, May 8 Citigroup maintained Keane Group, Inc.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Keane Group Inc (NYSE:FRAC) has a current PEG of 0. Thrivent Financial for Lutherans purchased a new position in shares of Keane Group during the 1st quarter worth approximately $374,000. Emerald Advisers Inc. PA now owns 553,346 shares of the company's stock valued at $10,519,000 after purchasing an additional 538,367 shares in the last quarter. BlackRock Inc. grew its stake in Keane Group by 36.7% during the 1st quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Keane Group by 15.9% during the fourth quarter. Also, Chairman James Carl Stewart sold 40,977 shares of the stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $16.01, for a total value of $649,733.83. Following the transaction, the director now directly owns 24,308 shares of the company's stock, valued at $386,254.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The percentage of stocks meeting price targets is 55%. The disclosure for this sale can be found here.

The stock increased 1.76% or $0.06 during the last trading session, reaching $3.47. We will compare Keane Group to related companies based on the strength of its institutional ownership, valuation, dividends, earnings, analyst recommendations, profitability and risk. The Company's principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added it has negative earnings. The firm also provides coiled tubing, drilling, cementing, acidizing, and nitrogen services.

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