Keane Group Inc (NASDAQ:FRAC) released its quarterly earnings results on Monday, July 31st. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.06, Morningstar.com reports. The company had revenue of $323.10 million for the quarter, compared to analyst estimates of $316.71 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The business’s quarterly revenue was up 34.5% on a year-over-year basis.
Keane Group (NASDAQ FRAC) traded down 1.89% on Friday, hitting $14.03. The company’s stock had a trading volume of 958,606 shares. Keane Group has a 12 month low of $12.42 and a 12 month high of $22.93. The firm has a 50 day moving average of $15.36 and a 200-day moving average of $16.14. The stock’s market cap is $1.57 billion.
A number of equities research analysts have recently commented on FRAC shares. Instinet reaffirmed a “neutral” rating and set a $17.00 price target on shares of Keane Group in a research report on Wednesday, April 19th. Scotiabank set a $21.00 price target on Keane Group and gave the stock a “hold” rating in a research report on Thursday, May 4th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Keane Group in a research report on Thursday, July 27th. Nomura started coverage on Keane Group in a research report on Wednesday, April 19th. They set a “neutral” rating and a $17.00 price target on the stock. Finally, R. F. Lafferty started coverage on Keane Group in a research report on Wednesday, April 26th. They issued a “buy” rating and a $22.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $21.38.
Hedge funds have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust purchased a new stake in Keane Group during the first quarter worth about $9,483,000. Oxford Asset Management purchased a new stake in Keane Group during the first quarter worth about $1,481,000. Point72 Europe London LLP purchased a new stake in Keane Group during the first quarter worth about $5,539,000. JPMorgan Chase & Co. purchased a new stake in Keane Group during the first quarter worth about $1,543,000. Finally, Viking Fund Management LLC increased its stake in Keane Group by 19.4% in the second quarter. Viking Fund Management LLC now owns 430,000 shares of the company’s stock worth $6,880,000 after buying an additional 70,000 shares in the last quarter.
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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