KEG stock: buy or sell?
July 15th, 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?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.
|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?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we gathered 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
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%).
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 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 $3.00Predicting 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:
|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 ShareAfter 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|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 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.
|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 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:
|Market cap||$60.2 M||$1.9 B|
|Total shares||20.4 M||100.4 M|
|Float shares||7.8 M||82.0 M|
|- Institutional holdings (%)||102.4%||93.4%|
|- Insider holdings (%)||4.6%||21.4%|
|Shares in short selling||0.0%||0.0%|
|Monday, July 15th, 2019|
|Day range||$2.72 - $2.97|
|Average true range||$0.32|
|50d mov avg||$2.42|
|100d mov avg||$3.23|
|200d mov avg||$4.45|
Key Energy Services performanceStocks 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:
|KEGKey Energy Servic...||-23.58%||23.43%||-81.94%|