Key Energy Services (NYSE:KEG) released 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. Key Energy Services had a negative net margin of 18.70% and a negative return on equity of 614.21%. The firm had revenue of $106.52 million during the quarter, compared to the consensus estimate of $112.60 million.
KEG stock traded down $0.09 during trading hours on Friday, reaching $0.33. 1,633,985 shares of the stock were exchanged, compared to its average volume of 387,891. The firm’s 50-day moving average is $1.23 and its 200-day moving average is $2.06. The company has a market cap of $8.09 million, a price-to-earnings ratio of -0.07 and a beta of 4.35. The company has a debt-to-equity ratio of 39.86, a current ratio of 1.38 and a quick ratio of 1.23. Key Energy Services has a 12 month low of $0.30 and a 12 month high of $9.64.
KEG has been the subject of a number of recent analyst reports. Seaport Global Securities set a $3.00 price objective on shares of Key Energy Services and gave the company a “buy” rating in a research report on Monday, August 12th. Johnson Rice cut shares of Key Energy Services from an “accumulate” rating to a “hold” rating in a research report on Thursday, August 15th. Zacks Investment Research upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, ValuEngine cut shares of Key Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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