Wall Street analysts predict that Keane Group Inc (NYSE:FRAC) will announce sales of $507.76 million for the current quarter, according to Zacks. Three analysts have made estimates for Keane Group’s earnings, with the highest sales estimate coming in at $518.99 million and the lowest estimate coming in at $498.30 million. The company is expected to issue its next earnings results after the market closes on Monday, February 26th.
On average, analysts expect that Keane Group will report full-year sales of $507.76 million for the current financial year, with estimates ranging from $1.54 billion to $1.59 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.31 billion per share, with estimates ranging from $2.13 billion to $2.41 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Keane Group.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Keane Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup raised shares of Keane Group from a “neutral” rating to a “buy” rating and decreased their target price for the company from $20.00 to $18.00 in a research report on Tuesday, February 13th. Scotiabank raised shares of Keane Group from a “sector perform” rating to a “buy” rating in a research report on Wednesday, February 7th. Cowen assumed coverage on shares of Keane Group in a research report on Wednesday, February 7th. They set an “outperform” rating and a $18.00 target price for the company. Finally, ValuEngine downgraded shares of Keane Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.82.
In other Keane Group news, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $18.25, for a total transaction of $36,468,281.50. Following the transaction, the insider now directly owns 58,917,686 shares in the company, valued at approximately $1,075,247,769.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in shares of Keane Group in the 3rd quarter worth $121,000. Boothbay Fund Management LLC bought a new position in shares of Keane Group in the 3rd quarter worth $173,000. Advisors Asset Management Inc. lifted its holdings in shares of Keane Group by 566.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock worth $183,000 after purchasing an additional 9,326 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Keane Group in the 2nd quarter worth $179,000. Finally, PEAK6 Investments L.P. bought a new position in shares of Keane Group in the 4th quarter worth $215,000. Institutional investors own 37.87% of the company’s stock.
Keane Group (NYSE FRAC) traded up $0.24 during trading hours on Friday, reaching $14.86. 1,450,000 shares of the company’s stock were exchanged, compared to its average volume of 2,000,000. The firm has a market cap of $1,660.00 and a P/E ratio of -12.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 1.26. Keane Group has a twelve month low of $12.42 and a twelve month high of $20.20.
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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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