Keane Group Inc Expected to Post Q3 2017 Earnings of $0.10 Per Share (FRAC)
Keane Group Inc (NASDAQ:FRAC) – Equities researchers at Jefferies Group issued their Q3 2017 EPS estimates for shares of Keane Group in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Handler anticipates that the company will earn $0.10 per share for the quarter. Jefferies Group 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 released its quarterly earnings results on Monday, July 31st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The company had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/09/keane-group-inc-expected-to-post-q3-2017-earnings-of-0-10-per-share-frac.html.
A number of other brokerages also recently commented on FRAC. Barclays PLC assumed coverage on shares of Keane Group in a research report on Friday. They set an “underweight” rating and a $16.00 price objective for the company. Citigroup Inc. set a $18.00 price objective on shares of Keane Group and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Keane Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $16.15 price objective (down previously from $17.00) on shares of Keane Group in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.74.
Shares of Keane Group (FRAC) opened at 16.11 on Monday. The firm’s market cap is $1.80 billion. The company’s 50-day moving average is $15.54 and its 200 day moving average is $15.54. Keane Group has a 52-week low of $12.42 and a 52-week high of $22.93.
Several institutional investors and hedge funds have recently made changes to their positions in FRAC. Nationwide Fund Advisors purchased a new position in shares of Keane Group in the 1st quarter valued at about $119,000. Legal & General Group Plc increased its holdings in shares of Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after purchasing an additional 2,985 shares in the last quarter. Strs Ohio purchased a new position in shares of Keane Group in the 1st quarter valued at about $131,000. Parametric Portfolio Associates LLC purchased a new position in shares of Keane Group in the 2nd quarter valued at about $179,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Keane Group by 35.6% in the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after purchasing 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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