COP - Keane Group's Short-Term Challenges Before You Invest
Keane Group: An overview
Keane Group (FRAC) provides integrated well completion services in the U.S. for the upstream energy producers. In 2018 so far, FRAC's stock price has declined 29%, while the VanEck Vectors Oil Services ETF (OIH) declined 7% year-to-date. OIH represents the oilfield equipment & services (or OFS) industry. Although FRAC's long-term potential remains robust, there have been some factors affecting FRAC's short-term outlook negatively. Keane Group, over the short-term, is not a sound investment. Before we analyze FRAC's story in depth, let us first understand its business.
Keane