KEG stock: buy or sell?

KEG stock price: $2.95 2.08% At close on July 15th, 2019

Updated on:
July 15th, 2019

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After boosting an outstanding 5.88% on Friday, Key Energy Services closed today at $2.95 and jumped a great 2.08%. With Monday, it's been 4 climbing sessions in a row, adding $0.34 or 12.14%. On Tuesday KEG plunged a chilling -7.28%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Key Energy Services stock situation right now, therefore this is not a suitable entry point.

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?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we gathered 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

After boosting an outstanding 5.88% on Friday, Key Energy Services closed today at $2.95 and jumped a great 2.08%.

After boosting an outstanding 5.88% on Friday, Key Energy Services closed today at $2.95 and jumped a great 2.08%. From a daily perspective, KEG is in a short term uptrend after plotting its last bottom ($1.80, on June/24) higher than the previous bottom, and its last top ($3.14, on July/3) also over the previous top. Now trading in between its last bottom and last top KEG might consolidate in a plain range, waiting to break out over $3.14 or down under $1.80. Since last May when KEG stock price broke up the SMA100d line, it gained $0.28 (10.49%).

KEG stock chart (daily)

Weekly outlook

Key Energy Services shares stepped up 2.08% this week, ending at $2.95. Early July KEG skyrocketed an amazing 22.41% in just one week. By mid June KEG collapsed a frightening -16.47% in just one week.

Since price and 40-weeks moving average lines crossed down by mid August 2018, KEG fell $-12.08 per share (-80.37%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark 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 -99.60%, 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 on July at $17.44, 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, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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. Currently, only 1 price prediction for Key Energy Services stock was published in the last 30 days:
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

After publishing its last earnings report on February, Key Energy Services rocketed an astounding 31.11%. As soon as we get its posted EPS from the earnings report, we will update this report.
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

Compared to 2017, last anual turnover report draw an astounding gain of 19.61% to $521.70 million USD. Similarly, its income margin (compared to revenues) rocketed to -17.02%, that is $-88.80 million.

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 reported $117.25 M in sales for 2018-Q4, a -12.97% decline compared to previous quarter. Reported quarter earnings marked $-23.08 M with a profit margin of -19.68%. Profit margin declined a -1.97% compared to previous quarter when profit margin was -17.71%. When comparing turnover to same quarter last year, Key Energy Services sales marked a tiny movement and stayed steady a 0.84%. Looking back to recent quarterly results, Key Energy Services posted 2 positive 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 a stock, it's always worth to have a look 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.

The following table compares ownership indicators for other stocks related to Key Energy Services:

KEGPUMP
Market cap$60.2 M$1.9 B
Total shares20.4 M100.4 M
Float shares7.8 M82.0 M
  - Institutional holdings (%)102.4%93.4%
  - Insider holdings (%)4.6%21.4%
Shares in short selling0.0%0.0%

KEG summary

Monday, July 15th, 2019
Open$2.87
Close$2.95
Day range$2.72 - $2.97
Previous close$2.89
Session gain2.08%
Average true range$0.32
50d mov avg$2.42
100d mov avg$3.23
200d mov avg$4.45
Daily patternlt06a
Weekly pattern lt03a

Key Energy Services performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Key Energy Services performance to Array:
Stock3m6m12m
KEGKey Energy Servic...-23.58%23.43%-81.94%
PUMPProPetro-21.84%20.00%19.92%

Key Energy Services competitors

Defining a list of competitors for Key Energy Services it's difficult. We selected just one public company that in our opinion is related to and can be considered Key Energy Services competitor: