Keane Group Inc (NYSE:FRAC) – Investment analysts at Piper Jaffray Companies decreased their Q2 2020 earnings per share estimates for shares of Keane Group in a research note issued to investors on Friday, March 29th, Zacks Investment Research reports. Piper Jaffray Companies analyst J. Daniel now expects that the company will earn $0.11 per share for the quarter, down from their prior estimate of $0.12. Piper Jaffray Companies currently has a “Buy” rating and a $17.00 target price on the stock. Piper Jaffray Companies also issued estimates for Keane Group’s FY2020 earnings at $0.45 EPS.
Keane Group (NYSE:FRAC) last announced its quarterly earnings results on Monday, February 25th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. Keane Group had a return on equity of 20.19% and a net margin of 2.78%. The company had revenue of $486.55 million during the quarter, compared to analysts’ expectations of $489.87 million.
Shares of FRAC traded down $0.49 during trading hours on Monday, reaching $11.46. The stock had a trading volume of 589,965 shares, compared to its average volume of 756,514. Keane Group has a 12 month low of $7.44 and a 12 month high of $16.95. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.46 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.
In other Keane Group news, CFO Gregory Powell sold 43,271 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.57, for a total transaction of $457,374.47. Following the completion of the sale, the chief financial officer now directly owns 215,874 shares in the company, valued at approximately $2,281,788.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Carl Stewart sold 108,304 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $10.30, for a total value of $1,115,531.20. Following the sale, the insider now owns 260,027 shares of the company’s stock, valued at $2,678,278.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,933 shares of company stock valued at $1,977,199. Company insiders own 0.51% of the company’s stock.
A number of institutional investors have recently modified their holdings of FRAC. Oppenheimer Asset Management Inc. acquired a new stake in shares of Keane Group in the 4th quarter valued at about $69,000. Great West Life Assurance Co. Can grew its stake in shares of Keane Group by 169.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,892 shares of the company’s stock valued at $70,000 after buying an additional 5,592 shares during the period. Legal & General Group Plc grew 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 valued at $80,000 after buying an additional 986 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Keane Group in the 4th quarter valued at about $103,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Keane Group in the 4th quarter valued at about $108,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.
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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