Keane Group, Inc. (FRAC) Forms Bearish H&S Chart Pattern; Strong Momentum for Sellers

May 25, 2018 - By Linda Rogers

The stock of Keane Group, Inc. (FRAC) formed H&S with $15.37 target or 3.00 % below today’s $15.85 share price. The 7 months Head & Shoulders indicates high risk for the $1.78B company. It was reported on May, 25 by Faxor.com. If the $15.37 price target is reached, the company will be worth $53.37 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.50% or $0.08 during the last trading session, reaching $15.85. About 1.64 million shares traded or 27.72% up from the average. Keane Group, Inc. (NYSE:FRAC) has risen 6.35% since May 25, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

Analysts await Keane Group, Inc. (NYSE:FRAC) to report earnings on July, 30. They expect $0.30 earnings per share, up 3,100.00 % or $0.31 from last year’s $-0.01 per share. FRAC’s profit will be $33.67 million for 13.21 P/E if the $0.30 EPS becomes a reality. After $0.19 actual earnings per share reported by Keane Group, Inc. for the previous quarter, Wall Street now forecasts 57.89 % EPS growth.

More news for Keane Group, Inc. (NYSE:FRAC) were recently published by: Businesswire.com, which released: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Keane Group, Inc. Investors (FRAC)” on May 24, 2018. Bizjournals.com‘s article titled: “5 things to know in Texas energy this week” and published on May 21, 2018 is yet another important article.

Keane Group, Inc. provides integrated well completion services primarily in the United States. The company has market cap of $1.78 billion. The Company’s principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions, as well as other value-added services. It currently has negative earnings. The firm also provides coiled tubing, drilling, cementing, acidizing, and nitrogen services.

Keane Group, Inc. (NYSE:FRAC) Ratings Chart

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