Keane Group Inc (NYSE:FRAC) – Investment analysts at Piper Jaffray Companies increased their Q4 2018 earnings per share estimates for Keane Group in a research report issued to clients and investors on Monday, January 7th. Piper Jaffray Companies analyst J. Daniel now forecasts that the company will earn $0.05 per share for the quarter, up from their prior forecast of ($0.07). Piper Jaffray Companies also issued estimates for Keane Group’s Q1 2019 earnings at ($0.09) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at ($0.16) EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.17 EPS and FY2020 earnings at $0.57 EPS.
Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Keane Group from $25.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, September 17th. Bank of America started coverage on Keane Group in a report on Wednesday, October 17th. They set a “buy” rating on the stock. Cowen started coverage on Keane Group in a report on Saturday, October 13th. They set a “buy” rating and a $19.00 price objective on the stock. Barclays set a $15.00 price objective on Keane Group and gave the stock a “hold” rating in a report on Wednesday, October 10th. Finally, Citigroup reduced their price objective on Keane Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $18.86.
Shares of NYSE FRAC opened at $8.74 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67. Keane Group has a fifty-two week low of $7.44 and a fifty-two week high of $19.54. The company has a market capitalization of $980.78 million, a PE ratio of 54.63, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59.
Keane Group (NYSE:FRAC) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Keane Group had a return on equity of 25.19% and a net margin of 4.51%. The firm had revenue of $558.91 million for the quarter, compared to the consensus estimate of $545.56 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis.
In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 5,251,249 shares of Keane Group stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $10.77, for a total transaction of $56,555,951.73. Following the completion of the sale, the insider now owns 51,668,175 shares of the company’s stock, valued at approximately $556,466,244.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of FRAC. Verition Fund Management LLC purchased a new position in shares of Keane Group during the 2nd quarter valued at about $148,000. FDx Advisors Inc. purchased a new position in shares of Keane Group during the 3rd quarter valued at about $151,000. Martingale Asset Management L P purchased a new position in shares of Keane Group during the 3rd quarter valued at about $169,000. Paloma Partners Management Co purchased a new position in shares of Keane Group in the 3rd quarter valued at about $177,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Keane Group in the 3rd quarter valued at about $281,000. 88.67% of the stock is owned by institutional investors.
Keane Group Company Profile
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.
Featured Story: Technical Analysis of Stocks, How Can It Help
Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.