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.
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