KEG stock: buy or sell?

KEG stock price: $2.34 -7.87% At close on May 21st, 2019

Updated on:
May 21st, 2019

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Key Energy Services closed today at $2.34 and plummed a hair-raising -7.87%. On May 14th KEG skyrocketed an astounding 20.06%. Tuesday was the fifth red session in a row, sliding in full a -37.45%.

Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor. It operates through U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International segments.

Should I buy KEG stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Key Energy Services stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Key Energy Services stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 2 ratings published for KEG stock in the last 30 days.

Is KEG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-3-5Piper Jaffray Companiesn/aHold
2019-1-16Capital One FinancialOverweightEqual Weight

KEG stock analysis

Daily outlook

Key Energy Services shares plummed -7.87% to $2.34 today.

Shares of Key Energy Services ended today at $2.34 and plummed a hair-raising -7.87%. Since last April 15th when SMA50d and SMA100d crossed up, KEG price slipped $-1.36 per share (-36.76%).

KEG stock chart (daily)

Weekly outlook

Shares of Key Energy Services collapsed a hair-raising -14.60% this week. Late April KEG rocketed an amazing 13.06% in just one week. With this, it's been 4 red weeks in a row, sliding $-2.10 or a -54.40%.

Key Energy Services is sliding further to find new supports after falling under the support. Since mid August 2018, when KEG stock price broke down the 40-weeks moving avarage line, it slid $-12.69 per share (-84.43%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

KEG stock chart (weekly)

KEG stock price history

KEG IPO was on August 12th, 1993 at $825.00 per share1. Since then, KEG stock declined a -99.70%, with a yearly average of -4.00%.

1: Adjusted price after possible price splits or reverse-splits.

KEG stock historical price chart

KEG stock reached 52-week highs at $18.40, and all-time highs 1997-10-10 with a price of 7675.

KEG stock price target is $3.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' KEG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we only found 1 price prediction for Key Energy Services stock:
KEG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-5Piper Jaffray CompaniesSet Price Targetn/a$3.00-
(in average)$0.00$3.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last February, when Key Energy Services presented its last earnings report, it stepped up a tiny 4.00%. Unfortunately, reported EPS is not yet available in our database.
KEG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-26-1.33-1.34n/a
2018-Q12018-05-09-1.24-1.36n/a
2018-Q22018-08-08-0.77-0.86n/a
2018-Q32018-11-06-1.14-1.14n/a
2018-Q42019-02-25-1.21-1.19n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Key Energy Services annual turnover climbed an outstanding 19.61% to $521.70 M dollars from $436.17 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 10.63% to -17.02%.

KEG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,590 M-$-21.77 M-1.4%-
2014$1,427 M-10.23%$-178.63 M-12.5%720.52%
2015$792 M-44.49%$-917.70 M-115.8%413.75%
2016$399 M-49.59%$-131.74 M-33.0%-85.64%
2017$436 M9.20%$-120.59 M-27.6%-8.46%
2018$522 M19.61%$-88.80 M-17.0%-26.36%

Quarterly financial results

Key Energy Services posted $117.25 M in sales for 2018-Q4, a -12.97% decline compared to previous quarter. Reported quarter income marked $-23.08 M with a profit margin of -19.68%. Profit margin depreciated a -1.97% compared to previous quarter when profit margin was -17.71%. When comparing revenues to same quarter last year, Key Energy Services sales marked a slightly good move and stayed steady a 0.84%. Looking back to recent quarterly results, Key Energy Services posted 2 negative quarters in a row.
KEG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$101 M-$-46.86 M-46.2%-
2017-Q2$108 M6.24%$-13.18 M-12.2%-71.87%
2017-Q3$111 M2.67%$-38.22 M-34.5%189.98%
2017-Q4$116 M5.09%$-22.33 M-19.2%-41.58%
2018-Q1$125 M7.77%$-24.96 M-19.9%11.81%
2018-Q2$144 M15.23%$-16.90 M-11.7%-32.32%
2018-Q3$135 M-6.71%$-23.86 M-17.7%41.23%
2018-Q4$117 M-12.97%$-23.08 M-19.7%-3.28%

Key Energy Services ownership

When you are planning to invest in shares of a company, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Key Energy Services, 4.63% of all outstanding shares are owned by its staff.

Bearish positions for KEG stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related stocks:

KEGPUMP
Market cap$47.7 M$2.3 B
Total shares20.4 M100.4 M
Float shares7.9 M79.5 M
  - Institutional holdings (%)102.4%93.4%
  - Insider holdings (%)4.6%21.4%
Shares in short selling0.0%0.0%

KEG summary

Tuesday, May 21st, 2019
Open$2.59
Close$2.34
Day range$2.25 - $2.93
Previous close$2.54
Session gain-7.87%
Average true range$0.38
50d mov avg$4.10
100d mov avg$3.19
200d mov avg$6.56
Daily patternlt03c
Weekly pattern lt01c

Key Energy Services performance

To better understand Key Energy Services performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Key Energy Services against Array in the following table:
Stock3m6m12m
KEGKey Energy Servic...27.87%-65.89%-86.41%
PUMPProPetro21.14%27.15%28.87%

Key Energy Services competitors

Choosing a list of competitors for Key Energy Services it's not an easy task. We selected just one public company that in our opinion is related to and can be considered Key Energy Services competitor: