Equities analysts expect that Keane Group Inc (NYSE:FRAC) will post sales of $447.77 million for the current quarter, according to Zacks. Five analysts have issued estimates for Keane Group’s earnings, with the highest sales estimate coming in at $454.40 million and the lowest estimate coming in at $443.00 million. Keane Group posted sales of $558.91 million in the same quarter last year, which suggests a negative year-over-year growth rate of 19.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Keane Group will report full year sales of $1.70 billion for the current year, with estimates ranging from $1.65 billion to $1.73 billion. For the next year, analysts anticipate that the business will post sales of $1.79 billion, with estimates ranging from $1.71 billion to $1.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Keane Group.

Keane Group (NYSE:FRAC) last released its quarterly earnings data on Monday, July 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $427.70 million for the quarter, compared to analysts’ expectations of $413.63 million. Keane Group had a return on equity of 7.21% and a net margin of 0.53%. Keane Group’s quarterly revenue was down 26.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share.

FRAC has been the topic of a number of research reports. Zacks Investment Research cut Keane Group from a “buy” rating to a “hold” rating in a research report on Tuesday. AltaCorp Capital restated a “sector perform” rating on shares of Keane Group in a research report on Thursday, June 20th. TheStreet cut Keane Group from a “c-” rating to a “d+” rating in a research report on Monday, June 3rd. Finally, ValuEngine upgraded Keane Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $15.77.

Shares of FRAC traded up $0.26 on Monday, reaching $5.31. 1,359,200 shares of the stock traded hands, compared to its average volume of 2,072,709. The firm has a market cap of $525.97 million, a price-to-earnings ratio of 5.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.56 and a quick ratio of 1.44. Keane Group has a 12 month low of $4.86 and a 12 month high of $13.95. The stock’s 50-day moving average price is $5.99 and its 200-day moving average price is $8.85.

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in Keane Group by 11.2% in the fourth quarter. Legal & General Group Plc now owns 9,769 shares of the company’s stock worth $80,000 after purchasing an additional 986 shares in the last quarter. Northern Trust Corp boosted its stake in Keane Group by 0.3% in the second quarter. Northern Trust Corp now owns 611,776 shares of the company’s stock worth $4,112,000 after purchasing an additional 2,012 shares in the last quarter. Gradient Investments LLC boosted its stake in Keane Group by 15.7% in the first quarter. Gradient Investments LLC now owns 17,604 shares of the company’s stock worth $192,000 after purchasing an additional 2,385 shares in the last quarter. Bbva USA Bancshares Inc. boosted its stake in Keane Group by 22.6% in the second quarter. Bbva USA Bancshares Inc. now owns 18,425 shares of the company’s stock worth $124,000 after purchasing an additional 3,400 shares in the last quarter. Finally, K.J. Harrison & Partners Inc boosted its stake in Keane Group by 33.3% in the first quarter. K.J. Harrison & Partners Inc now owns 24,000 shares of the company’s stock worth $261,000 after purchasing an additional 6,000 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors.

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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