Analysts at Piper Jaffray Didn’t Change their Past ‘”Buy”’ rating on Shares Keane Group Inc (FRAC), Set a $23.0 Target Price

April 17, 2018 - By Robert Crowder

Keane Group Inc (FRAC) Rating Reaffirmed

In a report issued to investors and clients this morning, Piper Jaffray restate their “Buy” rating on Keane Group Inc (FRAC) shares. The target price per share suggests a possible upside of 44.93 % from company’s current price.

Keane Group, Inc. (NYSE:FRAC) Ratings Coverage

Among 11 analysts covering Keane Group (FRAC), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Keane Group has $24 highest and $1500 lowest target. $19.95’s average target is 25.75% above currents $15.865 stock price. Keane Group had 14 analyst reports since November 3, 2017 according to SRatingsIntel. The rating was maintained by Susquehanna with “Hold” on Wednesday, February 28. The rating was maintained by Morgan Stanley on Wednesday, April 11 with “Overweight”. The firm has “Buy” rating by Piper Jaffray given on Thursday, December 21. BMO Capital Markets upgraded the shares of FRAC in report on Tuesday, April 10 to “Buy” rating. The company was maintained on Monday, March 19 by Piper Jaffray. The firm earned “Buy” rating on Friday, November 3 by Jefferies. BMO Capital Markets maintained the stock with “Hold” rating in Monday, January 15 report. Cowen & Co maintained Keane Group, Inc. (NYSE:FRAC) rating on Friday, April 13. Cowen & Co has “Buy” rating and $1500 target. The rating was upgraded by Scotia Capital to “Buy” on Wednesday, February 7. The rating was upgraded by Citigroup on Tuesday, February 13 to “Buy”.

The stock increased 2.29% or $0.355 during the last trading session, reaching $15.865. About 429,893 shares traded. Keane Group, Inc. (FRAC) has risen 6.35% since April 17, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

Analysts await Keane Group, Inc. (NYSE:FRAC) to report earnings on May, 1. They expect $0.23 EPS, up 192.00 % or $0.48 from last year’s $-0.25 per share. FRAC’s profit will be $25.82M for 17.24 P/E if the $0.23 EPS becomes a reality. After $0.34 actual EPS reported by Keane Group, Inc. for the previous quarter, Wall Street now forecasts -32.35 % negative EPS growth.

Keane Group, Inc. provides integrated well completion services primarily in the United States. The company has market cap of $1.78 billion. The Company’s principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. It currently has negative earnings. The firm also provides coiled tubing, drilling, cementing, acidizing, and nitrogen services.

Keane Group, Inc. (NYSE:FRAC) Ratings Chart

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