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.
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.
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.