A number of other brokerages have also recently issued reports on FRAC. Guggenheim began coverage on shares of Keane Group in a report on Tuesday. They set a buy rating and a $30.00 target price on the stock. Citigroup Inc. began coverage on shares of Keane Group in a report on Tuesday. They set a neutral rating and a $23.00 target price on the stock. Wells Fargo & Company began coverage on shares of Keane Group in a report on Tuesday. They set an outperform rating and a $27.00 target price on the stock. They noted that the move was a valuation call. J P Morgan Chase & Co began coverage on shares of Keane Group in a report on Tuesday. They set an overweight rating and a $27.00 target price on the stock. Finally, Piper Jaffray Companies began coverage on shares of Keane Group in a report on Tuesday. They set an overweight rating and a $24.50 target price on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Keane Group currently has an average rating of Buy and a consensus price target of $25.61.
Shares of Keane Group (NASDAQ:FRAC) opened at 21.84 on Tuesday. Keane Group has a one year low of $20.25 and a one year high of $22.93. The firm has a 50 day moving average price of $21.51 and a 200 day moving average price of $21.51.
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In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 15,074,000 shares of the company’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $19.00, for a total transaction of $286,406,000.00. Following the completion of the sale, the insider now directly owns 72,239,439 shares in the company, valued at $1,372,549,341. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
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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