Keane Group is still some way from a full recovery
Keane Group (FRAC) primarily offers well completion services to the upstream companies in the U.S. Keane Group faces near-term challenges from the excess supply in the fracking industry and pipeline bottlenecks in the unconventional energy shales. These are likely to deflate its operating earnings for the most part in FY2019. Investors should wait for the industry trend to exhibit decisive improvement before buying into it.
Keane Group, to its credit, did not let frac fleet utilization fall too much, and we can expect