Keane Group Inc Forecasted to Earn Q3 2017 Earnings of $0.10 Per Share (FRAC)

Keane Group Inc (NASDAQ:FRAC) – Equities researchers at Jefferies Group issued their Q3 2017 EPS estimates for Keane Group in a report issued on Thursday. Jefferies Group analyst B. Handler expects that the company will post earnings of $0.10 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Keane Group’s Q4 2017 earnings at $0.21 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.05 EPS, FY2019 earnings at $1.50 EPS and FY2020 earnings at $1.85 EPS.

Keane Group (NASDAQ:FRAC) last posted its quarterly earnings data on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. Keane Group’s revenue for the quarter was up 34.5% on a year-over-year basis.

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Several other research firms have also recently issued reports on FRAC. Citigroup Inc. set a $18.00 price target on Keane Group and gave the stock a “hold” rating in a research note on Thursday, October 5th. Barclays PLC began coverage on Keane Group in a research note on Friday, October 6th. They issued an “underweight” rating and a $16.00 price target for the company. Capital One Financial Corporation reissued an “overweight” rating on shares of Keane Group in a research note on Thursday, July 27th. Scotiabank set a $21.00 price target on Keane Group and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co increased their price target on Keane Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.74.

Keane Group (FRAC) opened at 16.23 on Monday. Keane Group has a 52-week low of $12.70 and a 52-week high of $22.93. The company has a 50-day moving average of $15.60 and a 200-day moving average of $15.60. The stock’s market capitalization is $1.82 billion.

Institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors purchased a new stake in Keane Group in the 1st quarter worth about $119,000. Legal & General Group Plc lifted its stake in Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after acquiring an additional 2,985 shares in the last quarter. Strs Ohio purchased a new stake in Keane Group in the 1st quarter worth about $131,000. Parametric Portfolio Associates LLC purchased a new stake in Keane Group in the 2nd quarter worth about $179,000. Finally, First Mercantile Trust Co. lifted its stake in Keane Group by 35.6% in the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock worth $202,000 after acquiring an additional 3,319 shares in the last quarter.

Keane Group Company Profile

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.

Earnings History and Estimates for Keane Group (NASDAQ:FRAC)

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