Key Energy Services (NYSE:KEG) announced its quarterly earnings results on Thursday. The oil and gas company reported ($1.30) earnings per share (EPS) for the quarter, missing the 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 return on equity of 614.21% and a negative net margin of 18.70%.
NYSE KEG traded down $0.09 on Friday, reaching $0.33. The company had a trading volume of 1,633,985 shares, compared to its average volume of 387,891. The firm has a market cap of $8.09 million, a price-to-earnings ratio of -0.07 and a beta of 4.35. Key Energy Services has a fifty-two week low of $0.30 and a fifty-two week high of $9.64. The business has a 50 day moving average of $1.23 and a two-hundred day moving average of $2.06. The company has a debt-to-equity ratio of 39.86, a current ratio of 1.38 and a quick ratio of 1.23.
Several research analysts have recently issued reports on KEG shares. Zacks Investment Research upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine downgraded shares of Key Energy Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Johnson Rice downgraded shares of Key Energy Services from an “accumulate” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Seaport Global Securities set a $3.00 price target on shares of Key Energy Services and gave the stock a “buy” rating in a report on Monday, August 12th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.44.
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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