Key Energy Services (NYSE:KEG) issued its quarterly earnings data on Thursday. The oil and gas company reported ($1.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.97) by ($0.33), Fidelity Earnings reports. The company had revenue of $106.52 million for the quarter, compared to analyst estimates of $112.60 million. Key Energy Services had a negative net margin of 18.70% and a negative return on equity of 614.21%.
KEG traded down $0.09 during midday trading on Friday, reaching $0.33. The company’s stock had a trading volume of 1,633,985 shares, compared to its average volume of 387,891. The stock has a market cap of $8.09 million, a P/E ratio of -0.07 and a beta of 4.35. The company has a fifty day simple moving average of $1.23 and a 200 day simple moving average of $2.06. The company has a current ratio of 1.38, a quick ratio of 1.23 and a debt-to-equity ratio of 39.86. Key Energy Services has a twelve month low of $0.30 and a twelve month high of $9.64.
A number of research analysts have recently commented on the company. Seaport Global Securities set a $3.00 price objective on Key Energy Services and gave the company a “buy” rating in a report on Monday, August 12th. Zacks Investment Research raised Key Energy Services from a “sell” rating to a “hold” rating in a 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Key Energy Services 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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