Media coverage about Key Energy Services (NYSE:KEG) has been trending somewhat negative this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Key Energy Services earned a daily sentiment score of -0.16 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.6471551187479 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of NYSE KEG traded up $0.23 during midday trading on Wednesday, reaching $13.78. 45,250 shares of the company’s stock traded hands, compared to its average volume of 101,475. Key Energy Services has a one year low of $8.20 and a one year high of $18.40. The company has a market cap of $270.47 million, a PE ratio of -2.19 and a beta of 1.99.
Key Energy Services (NYSE:KEG) last announced its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.86) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by ($0.10). The business had revenue of $144.41 million for the quarter, compared to the consensus estimate of $141.20 million. equities research analysts expect that Key Energy Services will post -3.32 earnings per share for the current year.
A number of equities analysts have recently issued reports on KEG shares. ValuEngine downgraded shares of Key Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Key Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Key Energy Services has a consensus rating of “Hold” and an average target price of $16.00.
In other Key Energy Services news, SVP Scott P. Miller sold 8,606 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $12.93, for a total value of $111,275.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
About Key Energy Services
Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. The company's U.S. 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 lives, as well as provision of specialty drilling services to oil and natural gas producers.
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