Equities research analysts forecast that Keane Group Inc (NYSE:FRAC) will announce earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Keane Group’s earnings. The highest EPS estimate is $0.06 and the lowest is ($0.12). Keane Group reported earnings of $0.34 per share during the same quarter last year, which suggests a negative year over year growth rate of 114.7%. The business is scheduled to announce its next quarterly earnings report on Monday, February 25th.
On average, analysts expect that Keane Group will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.65. For the next financial year, analysts anticipate that the firm will report earnings of $0.38 per share, with EPS estimates ranging from ($0.50) to $1.41. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Keane Group.
Keane Group (NYSE:FRAC) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The business had revenue of $558.91 million during the quarter, compared to the consensus estimate of $545.56 million. Keane Group had a return on equity of 25.19% and a net margin of 4.51%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS.
Several research firms recently issued reports on FRAC. ValuEngine upgraded Keane Group from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Citigroup boosted their price target on Keane Group from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 10th. R. F. Lafferty reduced their price target on Keane Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, September 6th. TheStreet upgraded Keane Group from a “d” rating to a “c-” rating in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. reduced their price target on Keane Group from $25.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, September 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have assigned a buy rating to the company’s stock. Keane Group presently has a consensus rating of “Buy” and an average target price of $19.79.
FRAC traded down $0.68 during trading on Friday, hitting $9.12. The stock had a trading volume of 1,810,345 shares, compared to its average volume of 1,365,974. The company has a market capitalization of $1.03 billion, a PE ratio of 57.00, a price-to-earnings-growth ratio of 0.37 and a beta of -0.56. Keane Group has a one year low of $8.85 and a one year high of $19.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.46 and a quick ratio of 1.35.
Several large investors have recently added to or reduced their stakes in the company. Feinberg Stephen lifted its position in shares of Keane Group by 1.2% during the 2nd quarter. Feinberg Stephen now owns 38,302,898 shares of the company’s stock valued at $507,893,000 after acquiring an additional 450,486 shares during the period. Janus Henderson Group PLC lifted its position in shares of Keane Group by 17.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,076,827 shares of the company’s stock valued at $69,400,000 after acquiring an additional 755,319 shares during the period. Vanguard Group Inc. lifted its position in shares of Keane Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,167,693 shares of the company’s stock valued at $51,555,000 after acquiring an additional 33,691 shares during the period. BlackRock Inc. lifted its position in shares of Keane Group by 19.4% during the 2nd quarter. BlackRock Inc. now owns 3,932,037 shares of the company’s stock valued at $53,750,000 after acquiring an additional 638,306 shares during the period. Finally, Macquarie Group Ltd. lifted its position in shares of Keane Group by 32.4% during the 3rd quarter. Macquarie Group Ltd. now owns 2,615,036 shares of the company’s stock valued at $32,348,000 after acquiring an additional 639,558 shares during the period. Hedge funds and other institutional investors own 89.05% of the company’s stock.
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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