Key Energy Services (NYSE:KEG) has tumbled 19.45% during the past week and has dropped 23.94% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 18.49%. Key Energy Services (NYSE:KEG) has underperformed the index by 24.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Key Energy Services (NYSE:KEG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.22 and $0.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.25, notching a gain of 14.28% for the day. The total traded volume was 15,307,715 . The stock had closed at $0.22 on the previous day.
The company shares have dropped -85.71% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $1.99 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $0.36 and the 200 Day Moving Average price is recorded at $0.37.
Currently the company Insiders own 3.96% of Key Energy Services shares according to the proxy statements. Institutional Investors own 48.63% of Key Energy Services shares.
Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The Company operates in five segments: U.S. Rig Services, which include the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and abandonment of wells; Fluid Management Services, which provides transportation and well-site storage services for various fluids utilized in connection with drilling and maintenance activities; Coiled Tubing Services, which involves the use of a continuous metal pipe spooled onto a reel; Fishing and Rental Services, which offers a line of services and rental equipment designed for use in onshore and offshore drilling and workover services, and International, which includes operations in Mexico, Colombia, Ecuador, the Middle East and Russia. The Companys customers include oil companies, foreign national oil companies and independent oil and natural gas production companies.