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Wall Street Forecasts for Keane Group

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May. 30 2018, Updated 9:31 a.m. ET

Wall Street’s forecast for Keane Group

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Analysts’ rating for Keane Group

Approximately 83% of Wall Street analysts tracking Keane Group rated it a “buy” or some equivalent as of May 25. Approximately 17% rated the company a “hold,” and no sell-side analysts recommended a “sell” or equivalent for FRAC. FRAC is 2.4% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment. XES increased ~7% since May 26.

Analysts’ rating changes for FRAC

From February 25 to May 25, the percentage of analysts recommending a “buy” or equivalent for FRAC has increased from 78% to 83%. Sell-side analysts’ “hold” recommendations decreased for FRAC during this period. As of May 25, 2017, ~75% of sell-side analysts recommended a “buy” for FRAC.

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Analysts’ target prices for FRAC

Wall Street analysts’ mean target price for FRAC as of May 25, 2018, was $21.4. FRAC is currently trading at ~$14.9, implying ~44% upside at its current price. Analysts’ mean target price for FRAC was $21.30 a month ago.

Target prices for FRAC’s peers

The mean target price surveyed among sell-side analysts for Oil States International (OIS) was $34.1 as of May 25. OIS was trading at $35 as of May 25, implying nearly 2% downside at its current price. The mean target price surveyed among sell-side analysts for Superior Energy Services (SPN) was $12.9 as of May 25. SPN was trading at ~$11.2 as of May 25, implying 15% upside at that price. Analysts’ mean target price for NCS Multistage Holdings (NCSM) was $22.6 as of May 25. NCSM was trading at ~$15.3 as of May 25, implying 48% upside at the current price.

See Market Realist’s Schlumberger’s Stock Price after First-Quarter Earnings and The Lowest 5 Oilfield Services Companies by Free Cash Flow.

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