Keane Group’s Stock Price Forecast: What to Expect

On May 25, Keane Group’s (FRAC) implied volatility was 40.1%. On May 2, Keane Group’s first-quarter financial results came out. Since then, FRAC’s implied volatility has decreased from 44% to this level. Since May 2, FRAC’s stock price has decreased nearly 4%. 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 has remained unchanged since May 2.

Precision Drilling Corporation’s (PDS) implied volatility on May 25 was 55%, which implies that PDS’s stock price could vary between $3.83 and $3.29 in the next seven days. CARBO Ceramics’ (CRR) implied volatility was 55.4% on May 25, which implies that CRR’s stock price can range between $10.53 and $9.03 in the next seven days. TechnipFMC’s (FTI) implied volatility was 30.7% on May 25, which implies FTI’s stock price can vary between $32.56 and $29.90 in the next seven days. Read more about FTI in Market Realist’s TechnipFMC’s 1Q18 Earnings Missed Analysts’ Estimates.

On May 25, crude oil’s implied volatility was 24.3%. Since May 2, crude oil’s volatility decreased while FRAC’s implied volatility also decreased.

Next in this series, we’ll discuss FRAC’s correlation coefficient with crude oil.