Wall Street analysts forecast that Key Energy Services, Inc. (NYSE:KEG) will announce sales of $112.90 million for the current quarter, Zacks reports. Two analysts have issued estimates for Key Energy Services’ earnings. The highest sales estimate is $113.80 million and the lowest is $112.00 million. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Key Energy Services will report full-year sales of $112.90 million for the current fiscal year, with estimates ranging from $433.00 million to $433.60 million. For the next year, analysts forecast that the firm will report sales of $520.00 million per share, with estimates ranging from $503.00 million to $537.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Key Energy Services.

KEG has been the subject of several recent research reports. Seaport Global Securities raised Key Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Key Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Johnson Rice began coverage on Key Energy Services in a research note on Thursday, September 21st. They set an “accumulate” rating on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $17.00 target price on shares of Key Energy Services in a research note on Tuesday, September 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.17.

Key Energy Services (KEG) traded up $0.59 during mid-day trading on Tuesday, hitting $15.38. The stock had a trading volume of 98,400 shares, compared to its average volume of 196,540. Key Energy Services has a 52 week low of $8.20 and a 52 week high of $38.00.

In other Key Energy Services news, SVP Katherine Hargis sold 6,092 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $15.00, for a total transaction of $91,380.00. Following the transaction, the senior vice president now owns 37,381 shares in the company, valued at approximately $560,715. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David J. Brunnert sold 2,868 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $15.00, for a total value of $43,020.00. Following the transaction, the chief operating officer now owns 70,042 shares in the company, valued at approximately $1,050,630. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,888 shares of company stock worth $199,245.

Several hedge funds have recently modified their holdings of KEG. Nationwide Fund Advisors acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at $108,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Key Energy Services by 46,163.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 10,156 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at $212,000. Rhumbline Advisers acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at $253,000. Finally, Swiss National Bank acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at $258,000. 49.21% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “$112.90 Million in Sales Expected for Key Energy Services, Inc. (KEG) This Quarter” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/112-90-million-in-sales-expected-for-key-energy-services-inc-keg-this-quarter/1799961.html.

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.

Get a free copy of the Zacks research report on Key Energy Services (KEG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Key Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.