Last $6.07 USD
Change Today -0.06 / -0.98%
Volume 1.4M
KEG On Other Exchanges
Symbol
Exchange
Berlin
As of 4:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

key energy services inc (KEG) Snapshot

Open
$6.10
Previous Close
$6.13
Day High
$6.14
Day Low
$6.02
52 Week High
04/23/14 - $10.52
52 Week Low
08/15/14 - $5.96
Market Cap
932.0M
Average Volume 10 Days
2.4M
EPS TTM
$-0.38
Shares Outstanding
153.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KEY ENERGY SERVICES INC (KEG)

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key energy services inc (KEG) Details

Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. The company operates in U.S. and International segments. It offers rig-based services, including the completion of newly-drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance; plugging and abandonment of wells at the end of their lives; and specialty drilling services to oil and natural gas producers. The company also provides fluid management services, such as transportation and well-site storage services for various fluids utilized in connection with drilling, completions, workover, and maintenance activities; and disposal services for fluids produced subsequent to well completion, as well as operates a fleet of hot oilers capable of pumping heated fluids used to clear soluble restrictions in a wellbore. In addition, it offers coiled tubing services for wellbore clean-outs, nitrogen jet lifts, through-tubing fishing, and formation stimulations utilizing acid and chemical treatments. Further, the company provides fishing services comprising recovering lost or stuck equipment in the wellbore utilizing various fishing tools; well testing services; and rental equipment, such as drill pipes, tubulars, handling tools, pressure-control equipment, pumps, power swivels, reversing units, and foam air units, as well as frac stack equipment to support hydraulic fracturing operations and the associated flowback of frac fluids, proppants, oil, and natural gas. Additionally, the company offers hardware and software related to oilfield service equipment controls, data acquisition, and digital information flow; and drilling, wire line and project management, consulting, and reservoir engineering services. The company was formerly known as Key Energy Group, Inc. and changed its name to Key Energy Services, Inc. in December 1998. Key Energy Services, Inc. was founded in 1977 and is headquartered in Houston, Texas.

key energy services inc (KEG) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $865.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $333.0K
Executive Vice President
Total Annual Compensation: $495.9K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $330.2K
Chief People Officer and Senior Vice Presiden...
Total Annual Compensation: $359.5K
Compensation as of Fiscal Year 2013.

key energy services inc (KEG) Key Developments

The Rosen Law Firm Files Securities Files Class Action Against Key Energy Services, Inc

The Rosen Law Firm announced that it has filed a class action lawsuit on behalf of all purchasers of the securities of Key Energy Services Inc., during the period from July 25, 2013 through July 17, 2014, seeking to recover investors' losses under the federal securities laws. Defendants made false and misleading statements and/or failed to disclose that the company's production for one of it's customers was in decline; that the company engaged in improper conduct related to its operations in Russia; and that the company's business practices in Russia were in violation of the U.S. Foreign Corrupt Practices Act. As a result, the lawsuit claims that when these adverse facts became known, the value of Key Energy's stock dropped, damaging investors.

Key Energy Services Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Key Energy Services Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of Revenue was $350.595 million against $411.390 million a year ago. Operating loss was $51.040 million against operating income of $8.344 million a year ago. Loss before tax income taxes was $61.733 million against $6.070 million a year ago. Net loss was $52.196 million against $3.772 million a year ago. Loss attributable to the company was $52.196 million or $0.34 per basic and diluted share against $4.128 million or $0.03 per basic and diluted share a year ago. EBITDA was $3.847 million against $65.526 million a year ago. Adjusted EBITDA was $33.577 million against $73.784 million a year ago. Capital expenditures were $40.9 million during the second quarter 2014. For the six months, the company reported revenues of $706.736 million against $839.839 million a year ago. Operating loss was $57.162 million against operating income of $20.173 million a year ago. Loss before tax income taxes was $81.340 million against $6.822 million a year ago. Net loss was $64.095 million against $3.958 million a year ago. Loss attributable to the company was $64.095 million or $0.42 per basic and diluted share against $4.402 million or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $107.268 million against $46.681 million a year ago.

Key Energy Services Inc. Provides Earnings Guidance for the Second Quarter of 2014; Reports Capital Expenditures for the Second Quarter of 2014; Expects to Record Impairment Charges for the Second Quarter of 2014

Key Energy Services Inc. provided earnings guidance for the second quarter of 2014. The company expects to report a second quarter 2014 loss in the range of $0.14 to $0.15, excluding goodwill and asset impairments and utilizing an effective tax rate of approximately 29%. The company expects its consolidated revenue to be down approximately 2% compared to the first quarter 2014; additionally, the company expects its U.S. segment revenue to be approximately flat on a sequential basis as its production-driven businesses outside of California did not see sufficient activity increases to offset lower activity in California. Including an estimated goodwill and other assets impairments pre-tax charge of $30 million to $35 million, the company expects to report a second quarter 2014 loss in the range of $0.35 to $0.38. Capital expenditures were $41 million during the second quarter of 2014. For the second quarter of 2014, the company expects to record a $30 million to $35 million pre-tax charge for goodwill and other assets impairments related to its operations in Russia.

 

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