Keane Group Inc (NASDAQ:FRAC) released its quarterly earnings data on Monday, July 31st. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.06, Morningstar.com reports. Keane Group had a negative net margin of 3.68% and a negative return on equity of 14.38%. The business had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $316.71 million. The company’s revenue for the quarter was up 34.5% on a year-over-year basis.
Keane Group (NASDAQ:FRAC) traded up 0.23% during trading on Friday, hitting $13.31. 870,003 shares of the stock traded hands. The firm’s 50-day moving average is $15.16 and its 200 day moving average is $15.84. Keane Group has a 52 week low of $12.42 and a 52 week high of $22.93. The stock’s market cap is $1.49 billion.
FRAC has been the topic of a number of analyst reports. R. F. Lafferty initiated coverage on shares of Keane Group in a report on Wednesday, April 26th. They issued a “buy” rating and a $22.00 price objective on the stock. Scotiabank set a $21.00 price objective on shares of Keane Group and gave the stock a “hold” rating in a report on Thursday, May 4th. Citigroup Inc. increased their price objective on shares of Keane Group from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Susquehanna Bancshares Inc initiated coverage on shares of Keane Group in a report on Monday, June 5th. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $22.00 price objective (down previously from $25.00) on shares of Keane Group in a report on Wednesday, June 21st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Keane Group presently has a consensus rating of “Buy” and a consensus target price of $21.38.
Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in Keane Group by 4,762.9% in the second quarter. Janus Henderson Group PLC now owns 4,250,092 shares of the company’s stock valued at $68,001,000 after buying an additional 4,162,694 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Keane Group during the first quarter valued at about $31,906,000. Omega Advisors Inc. acquired a new position in shares of Keane Group during the first quarter valued at about $31,293,000. Ameriprise Financial Inc. acquired a new position in shares of Keane Group during the first quarter valued at about $28,518,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Keane Group during the first quarter valued at about $26,731,000.
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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