American Century Companies Inc. grew its holdings in Keane Group Inc (NYSE:FRAC) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,163 shares of the company’s stock after purchasing an additional 20,299 shares during the period. American Century Companies Inc.’s holdings in Keane Group were worth $4,208,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Bbva Compass Bancshares Inc. lifted its position in Keane Group by 27.7% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 25,313 shares of the company’s stock worth $313,000 after acquiring an additional 5,488 shares during the period. Hodges Capital Management Inc. acquired a new stake in Keane Group during the 3rd quarter worth approximately $6,034,000. Russell Investments Group Ltd. lifted its position in Keane Group by 52.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 96,065 shares of the company’s stock worth $1,189,000 after acquiring an additional 33,010 shares during the period. First Trust Advisors LP lifted its position in Keane Group by 19.7% during the 3rd quarter. First Trust Advisors LP now owns 125,494 shares of the company’s stock worth $1,552,000 after acquiring an additional 20,681 shares during the period. Finally, Northern Trust Corp lifted its position in Keane Group by 6.0% during the 2nd quarter. Northern Trust Corp now owns 659,152 shares of the company’s stock worth $9,010,000 after acquiring an additional 37,195 shares during the period. 89.47% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on FRAC. ValuEngine cut Keane Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Capital One Financial reissued an “overweight” rating on shares of Keane Group in a report on Tuesday, July 31st. TheStreet raised Keane Group from a “d” rating to a “c-” rating in a report on Monday, October 1st. Wells Fargo & Co raised Keane Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $13.00 to $16.00 in a report on Friday, November 2nd. Finally, Jefferies Financial Group set a $18.00 price target on Keane Group and gave the company a “buy” rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the stock. Keane Group currently has a consensus rating of “Buy” and a consensus target price of $19.91.
Keane Group (NYSE:FRAC) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $558.91 million during the quarter, compared to analysts’ expectations of $545.56 million. Keane Group had a return on equity of 25.19% and a net margin of 4.51%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. As a group, research analysts forecast that Keane Group Inc will post 0.67 EPS for the current fiscal year.
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About Keane Group
Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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