Key Energy Services, Inc. (KEG) Reaches 52-Week Low

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The company is down by 8.41%% since yesterday’s close of 10.58. It is currently trading at $9.69 quite a bit lower than the 50 day moving average of $12.63 and which is much lower than the 200 day moving average of $17.20. The 50 day moving average was down $-2.94 and the 200 day average went down $-7.51 or -43.68%.

Investors are more bullish on Key Energy Services, Inc. recently if you consider the downtick in short interest. The stock experienced a fall in short interest of -19.62% as of the latest report on September 29, 2017. Short shares fell from 1,083,702 to 871,064 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares was 0.04% on September 29.

Key Energy Services, Inc., launched on December 15, 2016, 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 Business’s segments include U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International. Its U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services operate geographically within the United States. The International segment includes its operations in Mexico, Colombia, Ecuador, Russia, Bahrain and Oman. The Business’s services include rig-based and coiled tubing-based well maintenance and workover services, well completion and recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. Additionally, certain of its rigs provide specialty drilling applications..

A few notable investment firms have updated their holdings. Citadel Advisors LLC grew its stake by buying 5,404,381 shares an increase of 5,095.1%. Citadel Advisors LLC currently owns 5,510,452 shares valued at $2,657,000. The total value of its holdings increased 10,528.0%. As of the end of the quarter Gardner Lewis Asset Management L P had sold 609 shares trimming its position 1.6%. The value of the investment in (KEG) went from $1,241,000 to $888,000 a change of 28.4% quarter to quarter.

The P/E ratio is 1.87 and the market cap of the company is 194.80M. As of the last earnings report the EPS was $5.18 and is expected to be $-5.63 for the current year with 20,103,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-1.12 and the next full year EPS is anticipated to be $-2.76.