Key Energy Services (KEG) Earning Somewhat Favorable Media Coverage, Accern Reports
News headlines about Key Energy Services (NYSE:KEG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Key Energy Services earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 48.6446521456074 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Key Energy Services (KEG) opened at $14.79 on Wednesday. Key Energy Services has a 52-week low of $8.20 and a 52-week high of $25.97. The firm has a market capitalization of $306.30, a price-to-earnings ratio of -2.47 and a beta of 3.06.
Key Energy Services (NYSE:KEG) last announced its quarterly earnings results on Monday, February 26th. The oil and gas company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.33) by ($0.01). The firm had revenue of $116.28 million during the quarter, compared to analyst estimates of $112.90 million. analysts forecast that Key Energy Services will post -2.64 earnings per share for the current fiscal year.
In other news, SVP Katherine Hargis sold 6,092 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $15.00, for a total value of $91,380.00. Following the completion of the transaction, the senior vice president now owns 37,381 shares in the company, valued at $560,715. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO David J. Brunnert sold 2,868 shares of the firm’s stock in a transaction on 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 owns 70,042 shares of the company’s stock, valued at approximately $1,050,630. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,888 shares of company stock valued at $199,245.
About Key Energy Services
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.
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