Does Keane Group Inc (FRAC) Have Any Gas After Forming This Double Bottom Pattern?

September 17, 2017 - By Marry Poplack

The chart of Keane Group Inc (FRAC) shows a double bottom with $12.88 target or 9.00 % below today’s $14.15 share price. The 8 months chart pattern indicates high risk for the $1.58 billion company. It was reported on Sep, 17 by Finviz.com. If the $12.88 price target is reached, the company will be worth $142.20 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.14% or $0.02 on September 15, reaching $14.15. About 710,797 shares traded. Keane Group Inc (NYSE:FRAC) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Wall Street await Keane Group Inc (NYSE:FRAC) to release earnings on October, 30. The expected FRAC’s profit could reach $18.98M giving the stock 20.81 P/E in the case that $0.17 earnings per share is reported. After posting $-0.01 EPS for the previous quarter, Keane Group Inc’s analysts now forecast -1,800.00 % EPS growth.

Keane Group Inc (NYSE:FRAC) Ratings Coverage

Among 14 analysts covering Keane Group (NYSE:FRAC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Keane Group had 20 analyst reports since February 14, 2017 according to SRatingsIntel. Piper Jaffray initiated the stock with “Overweight” rating in Tuesday, February 14 report. Citigroup initiated it with “Neutral” rating and $23 target in Tuesday, February 14 report. As per Friday, March 10, the company rating was upgraded by Bank of America. JP Morgan initiated Keane Group Inc (NYSE:FRAC) rating on Tuesday, February 14. JP Morgan has “Overweight” rating and $27 target. As per Tuesday, February 14, the company rating was initiated by Bank of America. On Monday, June 5 the stock rating was initiated by Susquehanna with “Neutral”. The firm earned “Buy” rating on Wednesday, March 1 by Citigroup. The firm has “Hold” rating given on Friday, May 5 by Scotia Capital. The stock of Keane Group Inc (NYSE:FRAC) has “Buy” rating given on Tuesday, February 14 by Guggenheim. The stock of Keane Group Inc (NYSE:FRAC) has “Buy” rating given on Wednesday, April 26 by R. F. Lafferty.

More notable recent Keane Group Inc (NYSE:FRAC) news were published by: Seekingalpha.com which released: “Keane Group’s (FRAC) CEO James Stewart on Q1 2017 Results – Earnings Call …” on May 03, 2017, also Seekingalpha.com with their article: “IPO Preview: Keane Group Incorporated” published on January 18, 2017, Seekingalpha.com published: “Strong Short-Term Buying Opportunity: Keane Group Incorporated” on February 09, 2017. More interesting news about Keane Group Inc (NYSE:FRAC) were released by: Fool.com and their article: “Keane Group IPO: What Investors Need to Know” published on January 19, 2017 as well as Chron.com‘s news article titled: “Keane Group’s shares begin trading on NYSE” with publication date: January 20, 2017.

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