Analysts Expect Keane Group Inc (FRAC) Will Announce Earnings of -$0.15 Per Share

Equities analysts expect that Keane Group Inc (NYSE:FRAC) will post earnings per share (EPS) of ($0.15) for the current quarter, according to Zacks. Six analysts have made estimates for Keane Group’s earnings, with estimates ranging from ($0.23) to ($0.11). Keane Group posted earnings per share of $0.19 in the same quarter last year, which would suggest a negative year-over-year growth rate of 178.9%. The firm is scheduled to issue its next earnings results after the market closes on Monday, May 6th.

On average, analysts expect that Keane Group will report full-year earnings of ($0.14) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.05). For the next year, analysts expect that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.04 to $0.94. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Keane Group.

Keane Group (NYSE:FRAC) last issued its quarterly earnings data on Monday, February 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10. The company had revenue of $486.55 million for the quarter, compared to analyst estimates of $489.87 million. Keane Group had a return on equity of 20.19% and a net margin of 2.78%.

Several equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Keane Group from a “d+” rating to a “c-” rating in a research note on Thursday, April 18th. ValuEngine raised shares of Keane Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, March 5th. Piper Jaffray Companies set a $17.00 target price on shares of Keane Group and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group raised shares of Keane Group from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Keane Group presently has a consensus rating of “Buy” and a consensus price target of $16.62.

In other Keane Group news, Chairman Paul M. Jr. Debonis sold 38,358 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $10.54, for a total transaction of $404,293.32. Following the completion of the transaction, the chairman now directly owns 105,156 shares of the company’s stock, valued at approximately $1,108,344.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Carl Stewart sold 108,304 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $10.30, for a total transaction of $1,115,531.20. Following the transaction, the insider now directly owns 260,027 shares of the company’s stock, valued at $2,678,278.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,933 shares of company stock valued at $1,977,199. Insiders own 0.51% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Strs Ohio boosted its holdings in shares of Keane Group by 2,265.4% during the 1st quarter. Strs Ohio now owns 61,500 shares of the company’s stock worth $669,000 after buying an additional 58,900 shares during the period. Gradient Investments LLC boosted its holdings in Keane Group by 15.7% in the 1st quarter. Gradient Investments LLC now owns 17,604 shares of the company’s stock valued at $192,000 after purchasing an additional 2,385 shares during the period. Deutsche Bank AG boosted its holdings in Keane Group by 236.5% in the 4th quarter. Deutsche Bank AG now owns 507,381 shares of the company’s stock valued at $4,149,000 after purchasing an additional 356,601 shares during the period. Geode Capital Management LLC boosted its holdings in Keane Group by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 491,097 shares of the company’s stock valued at $4,017,000 after purchasing an additional 23,143 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Keane Group by 42.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,806,540 shares of the company’s stock valued at $22,957,000 after purchasing an additional 836,326 shares during the period. 91.25% of the stock is owned by hedge funds and other institutional investors.

Shares of FRAC traded down $0.04 during mid-day trading on Thursday, hitting $12.04. 10,375 shares of the company’s stock were exchanged, compared to its average volume of 762,555. Keane Group has a fifty-two week low of $7.44 and a fifty-two week high of $16.95. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.34 and a current ratio of 1.51.

About Keane Group

Keane Group, Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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