Iberia Capital assumed coverage on shares of Keane Group Inc (NASDAQ:FRAC) in a research note issued on Friday. The firm set an “outperform” rating and a $19.00 price target on the stock. Iberia Capital’s price target suggests a potential upside of 38.28% from the company’s current price.
Several other analysts have also recently weighed in on the stock. Citigroup Inc. raised shares of Keane Group from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, March 1st. R. F. Lafferty started coverage on shares of Keane Group in a research note on Wednesday, April 26th. They issued a “buy” rating and a $22.00 price target for the company. Scotiabank set a $21.00 price target on shares of Keane Group and gave the company a “hold” rating in a research note on Thursday, May 4th. Bank of America Corporation raised shares of Keane Group from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, March 10th. Finally, Nomura started coverage on shares of Keane Group in a research note on Wednesday, April 19th. They issued a “neutral” rating and a $17.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.91.
Keane Group (FRAC) traded up 1.60% on Friday, reaching $13.96. The company had a trading volume of 84,646 shares. The firm’s market capitalization is $1.44 billion. Keane Group has a 1-year low of $12.42 and a 1-year high of $22.93. The company’s 50-day moving average price is $14.84 and its 200 day moving average price is $16.54.
Several institutional investors have recently bought and sold shares of FRAC. Vanguard Group Inc. bought a new position in Keane Group during the first quarter worth $31,906,000. Omega Advisors Inc. bought a new position in Keane Group during the first quarter worth $31,293,000. Ameriprise Financial Inc. bought a new position in Keane Group during the first quarter worth $28,518,000. Point72 Asset Management L.P. bought a new position in Keane Group during the first quarter worth $26,731,000. Finally, TimesSquare Capital Management LLC bought a new position in Keane Group during the first quarter worth $22,338,000.
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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