Equities research analysts at Scotia Howard Weill started coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a report released on Tuesday. The brokerage set a “sector perform” rating and a $24.00 price target on the stock. Scotia Howard Weill’s price objective would indicate a potential upside of 11.01% from the company’s current price.
A number of other research firms have also weighed in on FRAC. Bank of America Corporation assumed coverage on shares of Keane Group in a research note on Tuesday. They issued a “neutral” rating on the stock. Scotiabank assumed coverage on shares of Keane Group in a research note on Tuesday. They issued a “sector perform” rating and a $24.00 target price on the stock. Howard Weil assumed coverage on shares of Keane Group in a research note on Tuesday. They issued a “sector perform” rating and a $24.00 target price on the stock. Guggenheim assumed coverage on shares of Keane Group in a research note on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Finally, J P Morgan Chase & Co assumed coverage on shares of Keane Group in a research note on Tuesday. They issued an “overweight” rating and a $27.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Keane Group currently has a consensus rating of “Buy” and an average target price of $25.61.
Keane Group (NASDAQ:FRAC) opened at 21.62 on Tuesday. Keane Group has a 52-week low of $20.25 and a 52-week high of $22.93. The company’s 50-day moving average price is $21.51 and its 200 day moving average price is $21.51.
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In other news, major shareholder Keane Investor Holdings Llc sold 15,074,000 shares of the firm’s stock in a transaction that occurred on 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 owns 72,239,439 shares in the company, valued at approximately $1,372,549,341. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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