Wall Street analysts expect Key Energy Services, Inc. (NYSE:KEG) to report sales of $112.90 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Key Energy Services’ earnings, with the lowest sales estimate coming in at $112.00 million and the highest estimate coming in at $113.80 million. The business is expected to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Key Energy Services will report full year sales of $112.90 million for the current fiscal year, with estimates ranging from $433.00 million to $433.60 million. For the next fiscal year, analysts forecast that the business will report sales of $543.40 million per share, with estimates ranging from $537.00 million to $549.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Key Energy Services.

Key Energy Services (NYSE:KEG) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($1.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.31) by ($0.25). The business had revenue of $110.65 million during the quarter, compared to the consensus estimate of $111.85 million.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Key Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Seaport Global Securities raised Key Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.67.

In other Key Energy Services news, Director Scott D. Vogel purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average cost of $9.00 per share, with a total value of $225,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David J. Brunnert sold 2,868 shares of Key Energy Services stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $15.00, for a total value of $43,020.00. Following the completion of the transaction, the chief operating officer now directly owns 70,042 shares of the company’s stock, valued at $1,050,630. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,888 shares of company stock valued at $199,245.

Several institutional investors have recently added to or reduced their stakes in KEG. Fine Capital Partners L.P. raised its holdings in shares of Key Energy Services by 59.5% in the third quarter. Fine Capital Partners L.P. now owns 1,004,038 shares of the oil and gas company’s stock valued at $13,223,000 after buying an additional 374,492 shares during the last quarter. Boston Partners bought a new position in shares of Key Energy Services in the third quarter valued at about $2,242,000. State Street Corp bought a new position in shares of Key Energy Services in the second quarter valued at about $2,174,000. Akanthos Capital Management LLC bought a new position in shares of Key Energy Services in the third quarter valued at about $1,317,000. Finally, Northern Trust Corp bought a new position in shares of Key Energy Services in the second quarter valued at about $1,723,000. 49.21% of the stock is owned by institutional investors and hedge funds.

Shares of Key Energy Services (NYSE:KEG) traded down $0.86 during midday trading on Friday, hitting $14.81. The company’s stock had a trading volume of 182,014 shares, compared to its average volume of 146,223. Key Energy Services has a 12 month low of $8.20 and a 12 month high of $34.85.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/31/key-energy-services-inc-keg-expected-to-announce-quarterly-sales-of-112-90-million.html.

Key Energy Services Company Profile

Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.

Get a free copy of the Zacks research report on Key Energy Services (KEG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Key Energy Services (NYSE:KEG)

Receive News & Ratings for Key Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.