Brokerages expect that Key Energy Services Inc (NYSE:KEG) will report earnings per share of ($1.09) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Key Energy Services’ earnings, with the highest EPS estimate coming in at ($0.87) and the lowest estimate coming in at ($1.28). Key Energy Services reported earnings per share of ($1.36) during the same quarter last year, which suggests a positive year-over-year growth rate of 19.9%. The company is expected to announce its next quarterly earnings results on Wednesday, May 8th.

On average, analysts expect that Key Energy Services will report full-year earnings of ($3.01) per share for the current fiscal year, with EPS estimates ranging from ($3.78) to ($2.30). For the next fiscal year, analysts anticipate that the business will post earnings of ($1.16) per share, with EPS estimates ranging from ($1.78) to ($0.40). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Key Energy Services.

KEG has been the topic of a number of recent research reports. Capital One Financial cut Key Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. ValuEngine lowered Key Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Piper Jaffray Companies set a $3.00 price target on Key Energy Services and gave the stock a “hold” rating in a research note on Thursday, December 27th. Simmons cut their price target on Key Energy Services from $45.00 to $3.25 and set a “neutral” rating for the company in a research note on Thursday, December 27th. Finally, Seaport Global Securities set a $9.00 price target on Key Energy Services and gave the stock a “buy” rating in a research note on Friday, December 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $4.94.

Key Energy Services stock traded down $1.01 during trading on Tuesday, reaching $4.79. The company had a trading volume of 580,137 shares, compared to its average volume of 548,435. Key Energy Services has a 52 week low of $1.59 and a 52 week high of $18.40. The stock has a market cap of $97.54 million, a P/E ratio of -1.06 and a beta of 2.95.

In other news, major shareholder Soter Capital, Llc acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $5.14 per share, for a total transaction of $25,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Saltiel acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were purchased at an average price of $1.86 per share, with a total value of $37,200.00. The disclosure for this purchase can be found here. Insiders acquired a total of 501,979 shares of company stock valued at $1,308,517 in the last quarter. 3.96% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Key Energy Services during the fourth quarter valued at about $28,000. Two Sigma Advisers LP purchased a new position in shares of Key Energy Services during the fourth quarter valued at about $38,000. PEAK6 Investments LLC purchased a new position in shares of Key Energy Services during the third quarter valued at about $172,000. Two Sigma Investments LP purchased a new position in shares of Key Energy Services during the fourth quarter valued at about $189,000. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Key Energy Services by 34.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 91,258 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 23,463 shares in the last quarter. Hedge funds and other institutional investors own 49.45% of the company’s stock.

Key Energy Services Company Profile

Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. The company's U.S. 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 lives, as well as provision of specialty drilling services to oil and natural gas producers.

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Earnings History and Estimates for Key Energy Services (NYSE:KEG)

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