Wall Street analysts predict that Key Energy Services Inc (NYSE:KEG) will report sales of $129.13 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Key Energy Services’ earnings, with the lowest sales estimate coming in at $118.10 million and the highest estimate coming in at $138.00 million. Key Energy Services posted sales of $144.41 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.6%. The business is expected to announce its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Key Energy Services will report full year sales of $520.53 million for the current fiscal year, with estimates ranging from $461.90 million to $583.50 million. For the next fiscal year, analysts anticipate that the company will post sales of $591.60 million, with estimates ranging from $478.80 million to $691.40 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Key Energy Services.

Key Energy Services (NYSE:KEG) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.06). The firm had revenue of $109.27 million for the quarter, compared to the consensus estimate of $120.53 million. Key Energy Services had a negative return on equity of 383.21% and a negative net margin of 17.26%.

A number of equities analysts recently issued reports on KEG shares. Zacks Investment Research lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.94.

A number of hedge funds and other institutional investors have recently modified their holdings of KEG. Two Sigma Advisers LP acquired a new stake in Key Energy Services in the 4th quarter valued at about $38,000. Alambic Investment Management L.P. acquired a new stake in Key Energy Services in the 1st quarter valued at about $52,000. Two Sigma Investments LP acquired a new stake in Key Energy Services in the 4th quarter valued at about $189,000. D. E. Shaw & Co. Inc. lifted its holdings in Key Energy Services by 34.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 91,258 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 23,463 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Key Energy Services by 1,188.3% in the 4th quarter. Deutsche Bank AG now owns 263,757 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 243,284 shares during the last quarter. 47.97% of the stock is owned by institutional investors.

Shares of Key Energy Services stock traded down $0.18 during trading on Friday, hitting $2.84. 129,899 shares of the stock were exchanged, compared to its average volume of 315,319. The company has a fifty day moving average of $2.25. The stock has a market cap of $57.83 million, a PE ratio of -0.63 and a beta of 3.95. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 10.51. Key Energy Services has a 12 month low of $1.59 and a 12 month high of $17.44.

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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