Keane Group Inc (FRAC) Posts Earnings Results
Keane Group Inc (NASDAQ:FRAC) announced its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12), Briefing.com reports. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $493.40 million. Keane Group’s quarterly revenue was up 47.7% compared to the same quarter last year.
A number of equities analysts have commented on the company. Barclays PLC assumed coverage on Keane Group in a report on Friday, October 6th. They set an “underweight” rating and a $16.00 target price for the company. Jefferies Group LLC assumed coverage on Keane Group in a report on Thursday, October 5th. They set a “buy” rating and a $20.00 target price for the company. Citigroup Inc. set a $18.00 target price on Keane Group and gave the company a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research raised Keane Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, October 4th. Finally, BidaskClub raised Keane Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.74.
About Keane Group
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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