Last $1.53 USD
Change Today -0.20 / -11.56%
Volume 5.0M
KEG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

key energy services inc (KEG) Snapshot

Open
$1.76
Previous Close
$1.73
Day High
$1.78
Day Low
$1.51
52 Week High
04/23/14 - $10.52
52 Week Low
12/16/14 - $1.00
Market Cap
234.8M
Average Volume 10 Days
8.3M
EPS TTM
$-0.28
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.

8,400 Employees
Last Reported Date: 02/25/14
Founded in 1977

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
Chief Operating Officer and Executive Vice Pr...
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

Key Energy Services, Inc. Enters into Amendment to Credit Agreement

Key Energy Services Inc. announced that it has amended its credit agreement dated March 31, 2011. This amendment modifies certain provisions of the Credit Facility, including: amending the requirement that the Company maintain a consolidated interest coverage ratio of not less than 3.00 to 1.00 by changing the minimum required ratio to not less than 2.75 to 1.00 for the quarters ending December 31, 2014 through September 30, 2015 with the ratio increasing to not less than 3.00 to 1.00 for the quarter ending December 31, 2015 and thereafter; and amending the requirement that the company maintain a debt to capitalization ratio of consolidated total funded indebtedness to total capitalization of 45% or less by changing the maximum required ratio to 55% for the quarter ending December 31, 2014 and thereafter; and modifying the definition of consolidated EBITDA to allow for the add back of (i) all expenses incurred during the second and third quarters of 2014 related to the Company's compliance with the U.S. Foreign Corrupt Practices Act (FCPA) and (ii) up to $50 million of additional expenses incurred in relation to the company's FCPA compliance commencing in the fourth quarter of 2014 and thereafter. The add-back for the second and third quarter will include expenses incurred in connection with the current FCPA investigations. In consideration for the above amendments, the company reduced the total commitments by the lenders under the Credit Facility from $550.0 million to $400.0 million, which will automatically be further reduced from $400.0 million to $350.0 million on July 1, 2015 through the maturity of the Credit Facility in March of 2016.

Key Energy Services Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 02:25 PM

Key Energy Services Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 02:25 PM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Richard J. Alario, Chairman of the Board, Chief Executive Officer, President, Chairman of Equity Award Committee and Member of Executive Committee.

Key Energy Services Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Key Energy Services Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $365,798,000 compared with $389,673,000 for the same period last year. Operating loss was $83,254,000 compared with operating income of $11,749,000 for the same period last year. Loss before tax was $97,109,000 compared with $1,980,000 for the same period last year. Loss attributable to company was $62,229,000 or $0.41 basic and diluted per share compared with $4,848,000 or $0.03 basic and diluted per share for the same period last year. LBITDA was $32.692 million against EBITDA of $68.449 million a year ago period. Adjusted EBITDA was $28.100 million against $68.449 million a year ago period. Excluding items, the company reported a pre-tax loss of $20.1 million, or $0.08 per share. Capital expenditures were $38.7 million during the third quarter 2014. Total debt at September 30, 2014 was $758.6 million compared to total debt of $718.7 million at June 30, 2014. For the nine months, the company reported revenues of $1,072,534,000 compared with $1,229,512,000 for the same period last year. Operating loss was $140,416,000 compared with operating income of $31,922,000 for the same period last year. Loss before tax was $178,359,000 compared with $8,802,000 for the same period last year. Loss attributable to company was $126,324,000 or $0.82 basic and diluted per share compared with $9,250,000 or $0.06 basic and diluted per share for the same period last year. Net cash provided by operating activities was $126,084,000 compared with $157,018,000 for the same period last year.

 

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KEG

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Price/Earnings NM Not Meaningful
Price/Sales 0.2x
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Price/Cash Flow 3.3x
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