Keane Group (NYSE:FRAC) issued its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09, Briefing.com reports. Keane Group had a return on equity of 20.43% and a net margin of 3.40%. The company had revenue of $558.91 million for the quarter, compared to analysts’ expectations of $545.56 million. During the same period last year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Keane Group updated its Q4 2018 guidance to EPS.
Shares of NYSE FRAC traded up $0.14 during mid-day trading on Thursday, reaching $12.71. The company had a trading volume of 1,741,360 shares, compared to its average volume of 1,388,389. The company has a quick ratio of 1.51, a current ratio of 1.68 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 79.44, a PEG ratio of 0.40 and a beta of -0.54. Keane Group has a 1-year low of $10.12 and a 1-year high of $19.83.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Keane Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group set a $18.00 price target on Keane Group and gave the company a “buy” rating in a research report on Tuesday, July 31st. ValuEngine upgraded Keane Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Capital One Financial reiterated an “overweight” rating on shares of Keane Group in a research report on Tuesday, July 31st. Finally, Cowen assumed coverage on Keane Group in a research report on Saturday, October 13th. They set a “buy” rating and a $19.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. Keane Group presently has a consensus rating of “Buy” and a consensus price target of $19.79.
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.
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