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Last $0.67 USD
Change Today +0.0255 / 3.98%
Volume 2.9M
KEG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 3:57 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

key energy services inc (KEG) Snapshot

Open
$0.64
Previous Close
$0.64
Day High
$0.73
Day Low
$0.64
52 Week High
08/29/14 - $6.32
52 Week Low
08/24/15 - $0.50
Market Cap
104.9M
Average Volume 10 Days
2.9M
EPS TTM
$-0.63
Shares Outstanding
157.6M
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. It offers rig-based services, including the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, as well as 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 of 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, it offers drilling, wire line and project management, consulting, and reservoir engineering services; and develops hardware and software related to oilfield service equipment controls, data acquisition, and digital information flow. 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.

8,100 Employees
Last Reported Date: 02/25/15
Founded in 1977

key energy services inc (KEG) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $865.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $373.1K
Chief People Officer and Senior Vice Presiden...
Total Annual Compensation: $360.2K
Compensation as of Fiscal Year 2014.

key energy services inc (KEG) Key Developments

Key Energy Services Inc. Announces Management Changes

Key Energy Services Inc. announced that its Board of Directors has approved a CEO succession plan and certain corporate governance changes. Under the succession plan, it is anticipated that Robert Drummond, Key's President and Chief Operating Officer will assume the role of Chief Executive Officer no later than December 31, 2016, succeeding Dick Alario, who has informed the Board of his intention to retire next year. As part of this transition, the Board has split the positions of Chairman of the Board and CEO. The Board of Directors has elected director Mark Rosenberg to the position of non-executive Chairman effective immediately. Mr. Alario will continue as Chief Executive Officer and a member of the Board of Directors.

Kimberly R. Frye Not to Serve as Key Energy Services Inc.'s Senior Vice President, General Counsel and Secretary

Effective July 28, 2015, Kimberly R. Frye will no longer serve as Key Energy Services Inc.'s Senior Vice President, General Counsel and Secretary. Ms. Frye will remain an employee of the company until October 26, 2015.

Key Energy Services Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Expenses for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2015

Key Energy Services Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $197.496 million against $350.595 million a year ago. Operating loss was $79.303 million against $51.040 million a year ago. Loss before tax income taxes was $96.113 million against $61.733 million a year ago. Net loss was $65.379 million or $0.42 per basic and diluted share against $52.196 million or $0.34 per basic and diluted share a year ago. LBITDA was $33.184 million against EBITDA of $3.847 million a year ago. Adjusted LBITDA was $8.601 million against adjusted EBITDA of $33.577 million a year ago. Capital expenditures were $14 million during the second quarter 2015. For the six months, the company reported revenues of $465.295 million against $706.736 million a year ago. Operating loss was $152.589 million against $57.162 million a year ago. Loss before tax income taxes was $187.173 million against $81.340 million a year ago. Net loss was $125.055 million or $0.80 per basic and diluted share against $64.095 million or $0.42 per basic and diluted share a year ago. Net cash provided by operating activities was $1.198 million against $107.268 million a year ago. Total debt at June 30, 2015 was $964.2 million compared to total debt of $778.3 million at March 31, 2015. For the second quarter, the company reported impairment expense of $21.352 million against $28.687 million a year ago. If PEMEX funds contracts over the remainder of the year 2015, the company expects a similar EBITDA loss in the second quarter of 2015 over the third quarter, getting closer to about breakeven by year-end. The company expects a normalized tax rate of 36% for 2015. The company expects 2015 third quarter interest expense to be between $20 million and $22 million.

 

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KEG Competitors

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KEG

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Price/Earnings NM Not Meaningful
Price/Sales 0.1x
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