Key Energy Services, Inc. (KEGX) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Key Energy Services, Inc. (NASDAQ:KEGX) from a sell rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Key Energy Services, Inc. is one of the largest providers of onshore oil and gas well services in the United States and Argentina. The company generally provides a full range of maintenance and workover services to major and independent oil and gas companies in all of its operating regions. In addition to maintenance and workover services, they also provide services which include the completion of newly drilled wells, the recompletion of existing wells and the plugging and abandonment of wells at the end of their useful lives. “

Key Energy Services (NASDAQ:KEGX) opened at 0.0515 on Wednesday. Key Energy Services has a 1-year low of $0.04 and a 1-year high of $0.67. The company’s 50 day moving average is $0.05 and its 200 day moving average is $0.22. The company’s market cap is $8.28 million.

Key Energy Services (NASDAQ:KEGX) last released its quarterly earnings data on Monday, August 15th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.22. Equities research analysts forecast that Key Energy Services will post ($1.69) EPS for the current year.

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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