Key Energy Services (NYSE:KEG) announced its earnings results on Thursday. The oil and gas company reported ($1.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.97) by ($0.33), Fidelity Earnings reports. The company had revenue of $106.52 million for the quarter, compared to analysts’ expectations of $112.60 million. Key Energy Services had a negative net margin of 18.70% and a negative return on equity of 614.21%.
Key Energy Services stock traded down $0.09 during mid-day trading on Friday, reaching $0.33. 1,633,985 shares of the company’s stock were exchanged, compared to its average volume of 387,891. The business’s fifty day simple moving average is $1.23 and its 200 day simple moving average is $2.06. The firm has a market capitalization of $8.09 million, a PE ratio of -0.07 and a beta of 4.35. Key Energy Services has a one year low of $0.30 and a one year high of $9.64. The company has a quick ratio of 1.23, a current ratio of 1.38 and a debt-to-equity ratio of 39.86.
KEG has been the topic of several analyst reports. Seaport Global Securities set a $3.00 target price on Key Energy Services and gave the company a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research raised Key Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine lowered Key Energy Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Johnson Rice lowered Key Energy Services from an “accumulate” rating to a “hold” rating in a report on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Key Energy Services has a consensus rating of “Hold” and an average target price of $3.44.
Key Energy Services Company Profile
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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