The Key Energy Services, Inc. (KEGX) Raised to “Hold” at Zacks Investment Research

The Key Energy Services, Inc. (KEGX) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Key Energy Services, Inc. (NASDAQ:KEGX) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Key Energy Services, Inc. is one of the largest providers of onshore oil and gas well services in the United States and Argentina. The company generally provides a full range of maintenance and workover services to major and independent oil and gas companies in all of its operating regions. In addition to maintenance and workover services, they also provide services which include the completion of newly drilled wells, the recompletion of existing wells and the plugging and abandonment of wells at the end of their useful lives. “

Shares of Key Energy Services (NASDAQ:KEGX) opened at 0.05 on Wednesday. The stock has a 50 day moving average of $0.05 and a 200 day moving average of $0.21. Key Energy Services has a 52-week low of $0.04 and a 52-week high of $0.67. The firm’s market cap is $8.04 million.

Key Energy Services (NASDAQ:KEGX) last released its earnings results on Monday, August 15th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.36) by $0.22. Equities analysts predict that Key Energy Services will post ($1.69) EPS for the current fiscal year.

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.

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