Equities analysts expect Key Energy Services Inc (NYSE:KEG) to report $120.53 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Key Energy Services’ earnings. The lowest sales estimate is $119.60 million and the highest is $122.00 million. Key Energy Services reported sales of $125.32 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The company is expected to report its next earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that Key Energy Services will report full-year sales of $538.67 million for the current year, with estimates ranging from $509.00 million to $583.50 million. For the next fiscal year, analysts forecast that the business will report sales of $630.93 million, with estimates ranging from $577.00 million to $691.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Key Energy Services.

Key Energy Services (NYSE:KEG) last released its quarterly earnings data on Monday, February 25th. The oil and gas company reported ($1.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.21) by $0.02. The business had revenue of $117.25 million during the quarter, compared to analyst estimates of $120.70 million.

Several research firms recently commented on KEG. ValuEngine upgraded shares of Key Energy Services from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Key Energy Services from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Wednesday, March 13th. Piper Jaffray Companies set a $3.00 price target on shares of Key Energy Services and gave the company a “hold” rating in a research report on Tuesday, March 5th. Capital One Financial lowered shares of Key Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Finally, Simmons dropped their price target on shares of Key Energy Services from $45.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, December 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $4.94.

Shares of NYSE:KEG traded up $0.22 during midday trading on Friday, reaching $3.86. The company’s stock had a trading volume of 270,705 shares, compared to its average volume of 317,516. The firm has a market capitalization of $78.60 million, a P/E ratio of -0.85 and a beta of 3.12. Key Energy Services has a twelve month low of $1.59 and a twelve month high of $18.40.

In other news, insider Robert J. Saltiel purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average price of $1.86 per share, for a total transaction of $37,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Soter Capital, Llc purchased 253,519 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average price of $2.09 per share, for a total transaction of $529,854.71. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 501,979 shares of company stock worth $1,308,517. 1.64% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Rutabaga Capital Management LLC MA lifted its holdings in Key Energy Services by 23.8% during the fourth quarter. Rutabaga Capital Management LLC MA now owns 2,016,026 shares of the oil and gas company’s stock valued at $4,173,000 after purchasing an additional 388,048 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in Key Energy Services during the fourth quarter valued at $554,000. Deutsche Bank AG lifted its holdings in 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 valued at $545,000 after purchasing an additional 243,284 shares in the last quarter. Putnam Investments LLC purchased a new position in Key Energy Services during the third quarter valued at $1,343,000. Finally, Two Sigma Investments LP purchased a new position in Key Energy Services during the fourth quarter valued at $189,000. Institutional investors own 49.28% 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. 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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Earnings History and Estimates for Key Energy Services (NYSE:KEG)

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