Equities analysts expect Key Energy Services, Inc. (NYSE:KEG) to report ($1.33) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Key Energy Services’ earnings. The highest EPS estimate is ($1.29) and the lowest is ($1.37). The firm is expected to issue its next earnings results on Wednesday, February 14th.
On average, analysts expect that Key Energy Services will report full-year earnings of ($6.17) per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of ($2.71) per share, with EPS estimates ranging from ($3.44) to ($1.98). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Key Energy Services.
Key Energy Services (NYSE:KEG) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.25). The firm had revenue of $110.65 million during the quarter, compared to analyst estimates of $111.85 million.
Shares of Key Energy Services (NYSE KEG) opened at $12.85 on Friday. Key Energy Services has a 1 year low of $8.20 and a 1 year high of $34.00.
In other Key Energy Services news, COO David J. Brunnert sold 2,868 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $15.00, for a total transaction of $43,020.00. Following the completion of the transaction, the chief operating officer now directly owns 70,042 shares of the company’s stock, valued at approximately $1,050,630. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine Hargis sold 6,092 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $15.00, for a total value of $91,380.00. Following the transaction, the senior vice president now directly owns 37,381 shares of the company’s stock, valued at $560,715. The disclosure for this sale can be found here. Insiders sold a total of 13,888 shares of company stock valued at $199,245 over the last three months. Corporate insiders own 3.96% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in Key Energy Services during the 2nd quarter valued at $654,000. Boston Partners bought a new position in Key Energy Services during the 3rd quarter valued at $2,242,000. Schwab Charles Investment Management Inc. bought a new position in Key Energy Services during the 2nd quarter valued at $339,000. Northern Trust Corp bought a new position in Key Energy Services during the 2nd quarter valued at $1,723,000. Finally, TIAA CREF Investment Management LLC bought a new position in Key Energy Services during the 2nd quarter valued at $526,000. 49.21% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Anticipate Key Energy Services, Inc. (KEG) to Announce -$1.33 EPS” was posted by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/10/zacks-brokerages-anticipate-key-energy-services-inc-keg-to-announce-1-33-eps.html.
About Key Energy Services
Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Key Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.