Keane Group, Inc. (NYSE:FRAC) – Research analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for Keane Group in a report issued on Thursday. Jefferies Group analyst B. Handler now forecasts that the company will post earnings of $0.29 per share for the quarter, up from their prior estimate of $0.27. Jefferies Group has a “Buy” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Keane Group’s Q2 2018 earnings at $0.33 EPS.
Keane Group (NYSE:FRAC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.12). Keane Group had a negative return on equity of 19.19% and a negative net margin of 9.90%. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $493.40 million. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year.
Shares of Keane Group (NYSE:FRAC) traded up $0.31 during trading hours on Friday, hitting $19.05. The company had a trading volume of 939,600 shares, compared to its average volume of 983,767. The company has a quick ratio of 1.26, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. Keane Group has a twelve month low of $12.42 and a twelve month high of $22.93.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Keane Group by 64.2% in the second quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after purchasing an additional 2,985 shares during the period. Quantbot Technologies LP acquired a new stake in Keane Group during the third quarter worth about $121,000. Boothbay Fund Management LLC acquired a new stake in Keane Group during the third quarter worth about $173,000. Parametric Portfolio Associates LLC acquired a new stake in Keane Group during the second quarter worth about $179,000. Finally, Advisors Asset Management Inc. grew its position in Keane Group by 566.6% during the third quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock worth $183,000 after buying an additional 9,326 shares in the last quarter. Institutional investors and hedge funds own 38.30% of the company’s stock.
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.
Receive News & Ratings for Keane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keane Group and related companies with MarketBeat.com's FREE daily email newsletter.