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FRAC

Keane Group

$15.33

-0.25 (-1.60%)

17:32
07/31/17
07/31
17:32
07/31/17
17:32

Keane Group sees Q3 revenue up 45%-60% sequentially

Approximately 60% of this sequential growth is forecasted to be driven by contribution from five active hydraulic fracturing fleets acquired during the RockPile transaction, while the remaining 40% will be driven by higher pricing, greater efficiencies and the deployment of an additional hydraulic fracturing fleet. Keane expects to exit the Q3 with 25 active hydraulic fracturing fleets, including those acquired during the RockPile transaction. Leading edge annualized Adjusted Gross Profit per fleet is expected to increase to the mid-to-high teens, up from approximately $12M-$13M in May, driven by constructive supply and demand dynamics. Based on current market conditions, Keane expects its full portfolio of hydraulic fracturing fleets to be deployed and accrue toward these leading edge margins ratably through the end of 2017. Cementing and workover operations acquired with the RockPile transaction together represent a current annual revenue run rate of $35M-$40M, with 10-15% gross margins. Keane intends to further evaluate these businesses with regards to opportunities for optimization and growth, including the potential to activate its idle cementing assets.

  • 01

    Aug

  • 29

    Aug

FRAC Keane Group
$15.33

-0.25 (-1.60%)

06/05/17
SUSQ
06/05/17
INITIATION
Target $17
SUSQ
Neutral
Keane Group initiated with a Neutral at Susquehanna
Susquehanna analyst Charles Minervino initiated Keane Group with a Neutral and a $17 price target.
06/05/17
06/05/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Juniper (JNPR) initiated with a Sector Weight at Pacific Crest. 2. Bob Evans (BOBE) assumed with a Perform at Oppenheimer. 3. Keane Group (FRAC) initiated with a Neutral at Susquehanna. 4. Five Point Holdings (FPH) initiated with an Outperform at Evercore ISI, JMP Securities, and RBC Capital, a Buy at Citi, a Neutral at JPMorgan, as well as a Market Perform at Wells Fargo. 5. Hilton (HLT) initiated with a Buy at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/17
SOCO
07/27/17
INITIATION
Target $18
SOCO
Overweight
Keane Group initiated with an Overweight at Capital One
Capital One analyst Luke Lemoine initiated Keane Group with an Overweight and an $18 price target.
07/27/17
07/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kinder Morgan (KMI) initiated with a Neutral at Mizuho. 2. Alpine Immune Sciences (ALPN) initiated with a Buy at Ladenburg. 3. Synaptics (SYNA) resumed with an Outperform at Cowen. 4. BioMarin (BMRN) and Ultragenyx (RARE) were initiated with a Market Perform at Bernstein. 5. Keane Group (FRAC) and ProPetro Holding (PUMP) were initiated with an Overweight at Capital One. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ADS

Alliance Data

$226.51

1.13 (0.50%)

07:31
07/19/18
07/19
07:31
07/19/18
07:31
Earnings
Alliance Data backs FY18 core EPS view $22.50 to $23.00, consensus $22.57 »

CEO Heffernan continued:…

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DPZ

Domino's Pizza

$283.74

1.74 (0.62%)

07:31
07/19/18
07/19
07:31
07/19/18
07:31
Earnings
Domino's Pizza reports Q2 adjusted EPS $1.84, consensus $1.75 »

Reports Q2 revenue…

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ADS

Alliance Data

$226.51

1.13 (0.50%)

07:30
07/19/18
07/19
07:30
07/19/18
07:30
Earnings
Alliance Data reports Q2 core EPS $5.01, consensus $4.66 »

Reports Q2 revenue $1.9B,…

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LONE

Lonestar Resources

$10.37

0.42 (4.22%)

07:30
07/19/18
07/19
07:30
07/19/18
07:30
Initiation
Lonestar Resources initiated  »

Lonestar Resources…

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  • 06

    Aug

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

, FOXA

21st Century Fox

$46.69

0.22 (0.47%)

07:30
07/19/18
07/19
07:30
07/19/18
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

FOXA

21st Century Fox

$46.69

0.22 (0.47%)

GM

General Motors

$39.87

-0.185 (-0.46%)

PZZA

Papa John's

$53.60

2.06 (4.00%)

HPQ

HP Inc.

$23.54

-0.06 (-0.25%)

GOGO

Gogo

$3.91

0.15 (3.99%)

MDR

McDermott

$17.97

-0.075 (-0.42%)

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SQ

Square

$68.30

-0.02 (-0.03%)

07:28
07/19/18
07/19
07:28
07/19/18
07:28
Upgrade
Square rating change  »

Square upgraded to…

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MEET

Meet Group

$4.14

0.08 (1.97%)

07:26
07/19/18
07/19
07:26
07/19/18
07:26
Upgrade
Meet Group rating change  »

Meet Group upgraded to…

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AMRN

Amarin

$2.86

-0.1 (-3.38%)

07:26
07/19/18
07/19
07:26
07/19/18
07:26
Recommendations
Amarin analyst commentary  »

Amarin's Vascepa…

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JPM

JPMorgan

$111.52

1.01 (0.91%)

07:25
07/19/18
07/19
07:25
07/19/18
07:25
Upgrade
JPMorgan rating change  »

JPMorgan upgraded to Buy…

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  • 12

    Oct

EBAY

eBay

$37.95

0.13 (0.34%)

07:25
07/19/18
07/19
07:25
07/19/18
07:25
Recommendations
eBay analyst commentary  »

eBay price target lowered…

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FFIV

F5 Networks

$179.52

2.86 (1.62%)

07:24
07/19/18
07/19
07:24
07/19/18
07:24
Downgrade
F5 Networks rating change  »

Morgan Stanley sees risk…

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  • 25

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    Aug

CMG

Chipotle

$453.56

0.77 (0.17%)

, SBUX

Starbucks

$51.15

-0.12 (-0.23%)

07:24
07/19/18
07/19
07:24
07/19/18
07:24
Recommendations
Chipotle, Starbucks analyst commentary  »

Wedbush cautious on…

CMG

Chipotle

$453.56

0.77 (0.17%)

SBUX

Starbucks

$51.15

-0.12 (-0.23%)

03/08/13
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  • 26

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PTCT

PTC Therapeutics

$35.02

-0.19 (-0.54%)

07:23
07/19/18
07/19
07:23
07/19/18
07:23
Initiation
PTC Therapeutics initiated  »

PTC Therapeutics…

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HRTX

Heron Therapeutics

$37.75

-0.35 (-0.92%)

07:22
07/19/18
07/19
07:22
07/19/18
07:22
Recommendations
Heron Therapeutics analyst commentary  »

Heron Therapeutics price…

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MTB

M&T Bank

$174.38

5.77 (3.42%)

07:20
07/19/18
07/19
07:20
07/19/18
07:20
Recommendations
M&T Bank analyst commentary  »

M&T Bank price target…

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07:20
07/19/18
07/19
07:20
07/19/18
07:20
General news
Treasury Market Outlook: Treasury yields have extended slightly higher »

Treasury Market Outlook:…

WRD

WildHorse Resource

07:19
07/19/18
07/19
07:19
07/19/18
07:19
Initiation
WildHorse Resource initiated  »

WildHorse Resource…

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  • 08

    Aug

  • 19

    Aug

ARA

American Renal Associates

07:19
07/19/18
07/19
07:19
07/19/18
07:19
Initiation
American Renal Associates initiated  »

American Renal Associates…

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BIG

Big Lots

$42.76

0.39 (0.92%)

07:19
07/19/18
07/19
07:19
07/19/18
07:19
Initiation
Big Lots initiated  »

Big Lots initiated with a…

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07:18
07/19/18
07/19
07:18
07/19/18
07:18
General news
Futures lower as trade war rhetoric, earnings reporting continues »

Stock futures are…

LITE

Lumentum

$59.30

-0.05 (-0.08%)

, VIAV

Viavi

$10.39

-0.09 (-0.86%)

07:17
07/19/18
07/19
07:17
07/19/18
07:17
Recommendations
Lumentum, Viavi, Apple analyst commentary  »

JPMorgan raises 3D…

LITE

Lumentum

$59.30

-0.05 (-0.08%)

VIAV

Viavi

$10.39

-0.09 (-0.86%)

AAPL

Apple

$190.43

-1.12 (-0.58%)

03/08/13
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  • 31

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HNHPF

Hon Hai Precision

$0.00

(0.00%)

07:17
07/19/18
07/19
07:17
07/19/18
07:17
Periodicals
Foxconn interested in webcast business opportunities, DigiTimes reports »

Foxconn has been building…

03/08/13
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AXP

American Express

$102.98

1.84 (1.82%)

07:15
07/19/18
07/19
07:15
07/19/18
07:15
Recommendations
American Express analyst commentary  »

American Express Q2…

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  • 08

    Aug

07:15
07/19/18
07/19
07:15
07/19/18
07:15
General news
FX Update: The Dollar rose for at third consecutive day »

FX Update: The Dollar…

KEY

KeyCorp

$20.30

0.24 (1.20%)

07:14
07/19/18
07/19
07:14
07/19/18
07:14
Hot Stocks
KeyCorp sees FY18 net interest income $3.95B-$4.05B, one rate increase »

For loans, the company…

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  • 19

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