KEG stock: buy or sell?
May 21st, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-5||Piper Jaffray Companies||n/a||Hold|
|2019-1-16||Capital One Financial||Overweight||Equal Weight|
KEG stock analysis
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%).
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 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 $3.00Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-3-5||Piper Jaffray Companies||Set Price Target||n/a||$3.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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||$436 M||9.20%||$-120.59 M-27.6%||-8.46%|
|2018||$522 M||19.61%||$-88.80 M-17.0%||-26.36%|
Quarterly financial resultsKey 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.
|2017-Q1||$101 M||-||$-46.86 M-46.2%||-|
|2017-Q2||$108 M||6.24%||$-13.18 M-12.2%||-71.87%|
|2017-Q3||$111 M||2.67%||$-38.22 M-34.5%||189.98%|
|2017-Q4||$116 M||5.09%||$-22.33 M-19.2%||-41.58%|
|2018-Q1||$125 M||7.77%||$-24.96 M-19.9%||11.81%|
|2018-Q2||$144 M||15.23%||$-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 ownershipWhen 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:
|Market cap||$47.7 M||$2.3 B|
|Total shares||20.4 M||100.4 M|
|Float shares||7.9 M||79.5 M|
|- Institutional holdings (%)||102.4%||93.4%|
|- Insider holdings (%)||4.6%||21.4%|
|Shares in short selling||0.0%||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$2.25 - $2.93|
|Average true range||$0.38|
|50d mov avg||$4.10|
|100d mov avg||$3.19|
|200d mov avg||$6.56|
Key Energy Services performanceTo 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:
|KEGKey Energy Servic...||27.87%||-65.89%||-86.41%|