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Last $1.58 USD
Change Today -0.02 / -1.25%
Volume 2.4M
KEG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

key energy services inc (KEG) Snapshot

Open
$1.60
Previous Close
$1.60
Day High
$1.65
Day Low
$1.58
52 Week High
07/7/14 - $9.16
52 Week Low
12/16/14 - $1.00
Market Cap
246.4M
Average Volume 10 Days
3.2M
EPS TTM
$-0.56
Shares Outstanding
156.0M
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

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $865.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $373.1K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $343.9K
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. Names Robert Drummond President and Chief Operating Officer

Key Energy Services Inc. announced that Robert Drummond, age 54, has joined the company as president and chief operating officer, effective immediately. Mr. Drummond was formerly employed by Schlumberger for 31 years, serving in various positions of increasing responsibility including management, business development and operations.  He most recently served as President of Schlumberger Limited's North American business unit. With Mr. Drummond assuming the position of president, Richard J. ‘Dick’ Alario will remain Key's chairman and chief executive officer. Mr. Drummond is a member of the Society of Petroleum Engineers and serves as a director of the National Ocean Industries Association and is a member of its executive committee.  In addition, he serves on the board of directors for the Petroleum Equipment Suppliers Association and the Houston Offshore Energy Center.  Formerly, he served on the board of directors for the Greater Houston Partnership and on the board of trustees for the Hibernia Platform Employees Organization – Newfoundland; and as an advisory board member for each of the University of Houston Global Energy Management Institute, the Texas Tech University Petroleum Engineers and Memorial University'sOil and Gas Development Partnership.

Key Energy Services Announces the Completion of $415 million in New Credit Facilities

Key Energy Services Inc. announced that it has closed a $100 million asset-based revolving credit facility due February 2020 and closed and funded a $315 million term loan facility due June 2020. The Facilities replace Key's existing $400 million senior revolving credit facility. The Facilities do not have cash flow based financial maintenance covenants; however, the Facilities require Key to maintain $100 million in liquidity, including cash and availability under the ABL. Upon closing, Key had $270.6 million of liquidity, assuming the completion of certain post-closing collateral perfection requirements. The term loan was issued at an OID of 3.0% with an annual rate of LIBOR plus 9.25% with a 1.00% LIBOR floor. The ABL bears interest at an annual rate on outstanding borrowings of LIBOR plus 4.5%, with a fee on unused commitments ranging from 1.00% - 1.25% based on utilization.

Key Energy Services Inc. Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-03-2015 09:30 AM

Key Energy Services Inc. Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-03-2015 09:30 AM. Venue: The Westin Times Square Hotel, New York, New York, United States. Speakers: J. Marshall Dodson, Chief Financial Officer, Senior Vice President and Treasurer.

 

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KEG Competitors

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Company Last Change
Basic Energy Services Inc $6.84 USD -0.04
Petroleum Geo-Services ASA 39.75 NOK -0.98
Pioneer Energy Services Corp $5.46 USD +0.06
TETRA Technologies Inc $6.17 USD +0.15
Tidewater Inc $22.92 USD +0.63
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Industry Analysis

KEG

Industry Average

Valuation KEG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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