Key Energy Services, Inc. (NYSE:KEG) – Analysts at Capital One Financial Corporation issued their Q1 2018 EPS estimates for Key Energy Services in a note issued to investors on Wednesday. Capital One Financial Corporation analyst L. Lemoine anticipates that the oil and gas company will earn ($0.83) per share for the quarter. Capital One Financial Corporation also issued estimates for Key Energy Services’ Q2 2018 earnings at ($0.61) EPS, Q3 2018 earnings at ($0.43) EPS and Q4 2018 earnings at ($0.44) EPS.
KEG has been the subject of a number of other research reports. Zacks Investment Research cut shares of Key Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Seaport Global Securities cut shares of Key Energy Services from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $19.00 in a report on Wednesday, June 21st. Nomura reaffirmed a “hold” rating and issued a $17.00 price target (down previously from $23.00) on shares of Key Energy Services in a report on Friday. Instinet reaffirmed a “neutral” rating and issued a $23.00 price target (down previously from $27.00) on shares of Key Energy Services in a report on Monday, May 15th. Finally, Piper Jaffray Companies set a $27.00 price target on shares of Key Energy Services and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.60.
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Key Energy Services (KEG) traded down 1.72% during midday trading on Friday, reaching $13.15. 72,032 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $23.24. The stock has a market capitalization of $264.26 million and a price-to-earnings ratio of 2.54. Key Energy Services has a 12-month low of $8.00 and a 12-month high of $38.00.
Hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors acquired a new stake in Key Energy Services during the second quarter worth $108,000. Phoenix Investment Adviser LLC raised its stake in Key Energy Services by 217.4% in the first quarter. Phoenix Investment Adviser LLC now owns 7,300 shares of the oil and gas company’s stock worth $170,000 after buying an additional 5,000 shares during the last quarter. Kirr Marbach & Co. LLC IN acquired a new stake in Key Energy Services during the second quarter worth $198,000. New York State Common Retirement Fund acquired a new stake in Key Energy Services during the second quarter worth $212,000. Finally, Rhumbline Advisers acquired a new stake in Key Energy Services during the second quarter worth $253,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.
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.
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