Jefferies Group Weighs in on Keane Group, Inc.’s Q4 2017 Earnings (FRAC)

Keane Group, Inc. (NYSE:FRAC) – Jefferies Group upped their Q4 2017 earnings per share (EPS) estimates for shares of Keane Group in a research note issued on Wednesday. Jefferies Group analyst B. Handler now expects that the company will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.25. Jefferies Group currently has a “Buy” rating and a $19.00 target price on the stock.

Keane Group (NYSE:FRAC) last announced its earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The company had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $493.40 million. Keane Group had a negative net margin of 9.90% and a negative return on equity of 19.19%. The company’s quarterly revenue was up 47.7% on a year-over-year basis.

Several other equities research analysts also recently commented on FRAC. BidaskClub upgraded Keane Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded Keane Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, January 8th. Barclays initiated coverage on Keane Group in a research note on Friday, October 6th. They set an “underweight” rating and a $16.00 price objective for the company. Citigroup set a $18.00 price objective on Keane Group and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, Stephens initiated coverage on Keane Group in a research note on Tuesday, January 9th. They set an “overweight” rating and a $24.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $21.20.

Shares of Keane Group (NYSE FRAC) opened at $17.96 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.41. Keane Group has a twelve month low of $12.42 and a twelve month high of $22.93.

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after acquiring an additional 2,985 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Keane Group in the 3rd quarter worth approximately $121,000. Boothbay Fund Management LLC acquired a new position in shares of Keane Group in the 3rd quarter worth approximately $173,000. Parametric Portfolio Associates LLC acquired a new position in shares of Keane Group in the 2nd quarter worth approximately $179,000. Finally, Advisors Asset Management Inc. grew its position in shares of Keane Group by 566.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock worth $183,000 after acquiring an additional 9,326 shares in the last quarter. Institutional investors own 38.30% of the company’s stock.

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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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