Key Energy Services (NYSE:KEG) Issues Quarterly Earnings Results

Key Energy Services (NYSE:KEG) issued its quarterly earnings results on Thursday. The oil and gas company reported ($1.30) EPS for the quarter, missing the consensus estimate of ($0.97) by ($0.33), Fidelity Earnings reports. Key Energy Services had a negative return on equity of 614.21% and a negative net margin of 18.70%. The business had revenue of $106.52 million for the quarter, compared to analyst estimates of $112.60 million.

Key Energy Services stock traded down $0.09 during midday trading on Friday, hitting $0.33. 1,633,985 shares of the stock were exchanged, compared to its average volume of 387,891. The company has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $2.06. Key Energy Services has a 52 week low of $0.30 and a 52 week high of $9.64. The stock has a market capitalization of $8.09 million, a PE ratio of -0.07 and a beta of 4.35. The company has a quick ratio of 1.23, a current ratio of 1.38 and a debt-to-equity ratio of 39.86.

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Several equities research analysts have recently commented on KEG shares. Seaport Global Securities set a $3.00 price target on shares of Key Energy Services and gave the stock a “buy” rating in a research report on Monday, August 12th. ValuEngine cut shares of Key Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Zacks Investment Research upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Johnson Rice cut shares of Key Energy Services from an “accumulate” rating to a “hold” rating in a research report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target 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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Earnings History for Key Energy Services (NYSE:KEG)

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