Keane Group Inc (NYSE:FRAC) to Post FY2019 Earnings of ($0.40) Per Share, Capital One Financial Forecasts

Keane Group Inc (NYSE:FRAC) – Stock analysts at Capital One Financial cut their FY2019 EPS estimates for shares of Keane Group in a research note issued to investors on Tuesday, July 30th. Capital One Financial analyst L. Lemoine now forecasts that the company will post earnings per share of ($0.40) for the year, down from their prior forecast of ($0.37). Capital One Financial also issued estimates for Keane Group’s Q4 2019 earnings at ($0.13) EPS and FY2020 earnings at ($0.42) EPS.

A number of other equities research analysts have also recently issued reports on the stock. TheStreet cut shares of Keane Group from a “c-” rating to a “d+” rating in a research note on Monday, June 3rd. ValuEngine cut shares of Keane Group from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, AltaCorp Capital reissued a “sector perform” rating on shares of Keane Group in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Keane Group currently has a consensus rating of “Buy” and a consensus target price of $16.27.

Shares of Keane Group stock opened at $6.29 on Thursday. Keane Group has a 52-week low of $4.96 and a 52-week high of $14.55. The stock has a market cap of $524.32 million, a PE ratio of 6.84 and a beta of 1.29. The firm has a fifty day simple moving average of $6.58. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Keane Group (NYSE:FRAC) last issued its earnings results on Monday, July 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. Keane Group had a net margin of 0.53% and a return on equity of 7.12%. The business had revenue of $427.70 million during the quarter, compared to the consensus estimate of $413.63 million. During the same period last year, the business posted $0.28 EPS. Keane Group’s revenue was down 26.1% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its holdings in Keane Group by 169.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,892 shares of the company’s stock valued at $70,000 after acquiring an additional 5,592 shares during the period. Legal & General Group Plc increased its stake in shares of Keane Group by 11.2% in the 4th quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock worth $80,000 after acquiring an additional 986 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Keane Group during the 2nd quarter worth about $81,000. WINTON GROUP Ltd acquired a new stake in shares of Keane Group during the 2nd quarter worth about $125,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Keane Group by 933.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,585 shares of the company’s stock worth $126,000 after purchasing an additional 10,464 shares during the last quarter. 89.60% of the stock is owned by institutional investors and hedge funds.

About Keane Group

Keane Group, Inc engages in the provision of hydraulic and engineered related solutions. It provides horizontal and vertical fracturing, wireline perforation and logging & engineered, as well as other value-added services. The company operates through two segments: Completion, and Other Services. The Completion Services segment refers to the hydraulic fracturing and wireline divisions.

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Earnings History and Estimates for Keane Group (NYSE:FRAC)

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