Key Energy Services (KEG) : 10 analysts are covering Key Energy Services (KEG) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Key Energy Services (NYSE:KEG): The stock opened at $0.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.23 for the day. The stock traded down to $0.22 during the day, due to lack of any buying support eventually closed down at $0.22 with a loss of -0.05% for the day. The stock had closed at $0.22 on the previous day. The total traded volume was 2,822,595 shares.
The company shares have dropped -83.58% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $1.59 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $0.28 and the 200 Day Moving Average price is recorded at $0.34.
Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The Company operates in five segments: U.S. Rig Services, which include the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and abandonment of wells; Fluid Management Services, which provides transportation and well-site storage services for various fluids utilized in connection with drilling and maintenance activities; Coiled Tubing Services, which involves the use of a continuous metal pipe spooled onto a reel; Fishing and Rental Services, which offers a line of services and rental equipment designed for use in onshore and offshore drilling and workover services, and International, which includes operations in Mexico, Colombia, Ecuador, the Middle East and Russia. The Companys customers include oil companies, foreign national oil companies and independent oil and natural gas production companies.