Shares of Key Energy Services Inc (NYSE:KEG) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.08.

KEG has been the topic of several recent research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rutabaga Capital Management LLC MA grew its holdings in Key Energy Services by 18.7% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 2,393,202 shares of the oil and gas company’s stock valued at $9,716,000 after buying an additional 377,176 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Key Energy Services by 1,188.3% during the fourth quarter. Deutsche Bank AG now owns 263,757 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 243,284 shares during the last quarter. Boston Partners lifted its position in shares of Key Energy Services by 3.5% during the first quarter. Boston Partners now owns 215,873 shares of the oil and gas company’s stock worth $876,000 after purchasing an additional 7,240 shares during the last quarter. D. E. Shaw & Co. Inc. lifted 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 worth $189,000 after purchasing an additional 23,463 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Key Energy Services during the fourth quarter worth $189,000. Institutional investors own 47.97% of the company’s stock.

Key Energy Services stock traded up $0.27 during mid-day trading on Monday, reaching $3.11. 242,787 shares of the company traded hands, compared to its average volume of 329,008. The company has a debt-to-equity ratio of 10.51, a current ratio of 1.48 and a quick ratio of 1.32. The stock’s 50 day moving average price is $2.32. The stock has a market capitalization of $57.83 million, a price-to-earnings ratio of -0.69 and a beta of 3.95. Key Energy Services has a 52-week low of $1.59 and a 52-week high of $17.44.

Key Energy Services (NYSE:KEG) last announced its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($1.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.06). The firm had revenue of $109.27 million for the quarter, compared to analysts’ expectations of $120.53 million. Key Energy Services had a negative net margin of 17.26% and a negative return on equity of 383.21%. As a group, analysts anticipate that Key Energy Services will post -3.01 EPS for the current fiscal year.

About Key Energy Services

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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