Zacks: Brokerages Anticipate Keane Group Inc (FRAC) to Post -$0.09 Earnings Per Share
Equities analysts expect that Keane Group Inc (NASDAQ:FRAC) will post earnings of ($0.09) per share for the current quarter, Zacks reports. Two analysts have made estimates for Keane Group’s earnings, with estimates ranging from ($0.16) to ($0.05). The firm is expected to announce its next earnings report after the market closes on Monday, July 31st.
According to Zacks, analysts expect that Keane Group will report full year earnings of ($0.17) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.06). For the next fiscal year, analysts forecast that the firm will post earnings of $0.87 per share, with EPS estimates ranging from $0.70 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Keane Group.
Several brokerages have commented on FRAC. Scotiabank reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Keane Group in a research report on Thursday, March 16th. Citigroup Inc. upped their price objective on Keane Group from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. BMO Capital Markets began coverage on Keane Group in a research report on Wednesday, April 12th. They issued a “market perform” rating and a $17.00 price objective on the stock. Susquehanna Bancshares Inc began coverage on Keane Group in a research report on Monday, June 5th. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, Bank of America Corporation raised Keane Group from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, March 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Keane Group presently has a consensus rating of “Buy” and a consensus price target of $21.91.
Keane Group (NASDAQ FRAC) traded down 1.62% during mid-day trading on Friday, reaching $15.19. 695,918 shares of the company traded hands. Keane Group has a 12-month low of $12.42 and a 12-month high of $22.93. The firm’s market capitalization is $1.57 billion. The company’s 50 day moving average price is $15.09 and its 200 day moving average price is $16.42.
Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new position in Keane Group during the first quarter worth about $119,000. Strs Ohio purchased a new position in Keane Group during the first quarter worth about $131,000. First Mercantile Trust Co. purchased a new position in Keane Group during the first quarter worth about $133,000. Bbva Compass Bancshares Inc. purchased a new position in Keane Group during the first quarter worth about $153,000. Finally, Creative Planning purchased a new position in Keane Group during the first quarter worth about $177,000.
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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