According to Zacks, “Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The company’s services include drilling and workover rigs, coiled tubing, frac stack and well testing, fluid services, onshore and deepwater fishing and rental services. It operates primarily in United States, Mexico, Colombia, Ecuador, the Middle East and Russia. Key Energy Services, Inc. is headquatered in Houston, Texas. “
Several other research analysts have also weighed in on KEG. Seaport Global Securities set a $3.00 price target on Key Energy Services and gave the company a buy rating in a research report on Monday, August 12th. Johnson Rice lowered Key Energy Services from an accumulate rating to a hold rating in a research report on Thursday, August 15th. Finally, ValuEngine raised Key Energy Services from a hold rating to a buy rating in a research report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Key Energy Services has an average rating of Hold and a consensus price target of $3.44.
NYSE:KEG opened at $1.37 on Tuesday. The firm has a market capitalization of $25.73 million, a price-to-earnings ratio of -0.30 and a beta of 4.40. Key Energy Services has a 1-year low of $0.96 and a 1-year high of $11.09. The company has a current ratio of 1.38, a quick ratio of 1.23 and a debt-to-equity ratio of 39.86. The business’s fifty day moving average price is $1.32 and its 200 day moving average price is $2.48.
Key Energy Services (NYSE:KEG) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.11). The business had revenue of $112.94 million for the quarter, compared to analyst estimates of $129.13 million. Key Energy Services had a negative net margin of 18.70% and a negative return on equity of 614.21%. Equities analysts forecast that Key Energy Services will post -3.52 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Key Energy Services by 126.6% during the second quarter. Vanguard Group Inc. now owns 493,538 shares of the oil and gas company’s stock valued at $1,111,000 after buying an additional 275,728 shares during the period. RBF Capital LLC increased its position in Key Energy Services by 46.9% in the 2nd quarter. RBF Capital LLC now owns 73,007 shares of the oil and gas company’s stock worth $164,000 after purchasing an additional 23,305 shares during the last quarter. Paloma Partners Management Co acquired a new position in Key Energy Services in the 2nd quarter worth about $104,000. Prescott Group Capital Management L.L.C. acquired a new position in Key Energy Services in the 2nd quarter worth about $83,000. Finally, Zacks Investment Management acquired a new position in Key Energy Services in the 2nd quarter worth about $60,000. 45.52% of the stock is currently owned by hedge funds and other institutional investors.
About Key Energy Services
Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. It operates through Rig Services, Fishing and Rental Services, Coiled Tubing Services, and Fluid Management Services segments. The Rig Services segment is involved in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance activities; and plugging and abandonment of wells at the end of their useful lives, as well as provision of specialty drilling services to oil and natural gas producers.
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