This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Oversold Stocks Ready for a Bounce Higher

KEG Chart KEG data by YCharts

Key Energy Services (KEG - Get Report) operates on-shore oil rigs and supplies oil rig equipment. The stock trades an average of 3.1 million shares per day giving the company a marketcap of $1.1 billion.

52 Week High: $20.48
52 Week Low: $6.67
Book Value: $7.90

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Key has six buy recommendation out of 13 analysts covering the company and seven holds; no analysts recommend selling. The average analyst target price for Key is $11.86.

The trailing 12-month price-to-earnings ratio is 7.1, the mean fiscal-year estimate price-to-earnings ratio is 7.96, based on earnings of $.95 per share this year.

In the last month the stock has fallen -22.37%. Their loss is your gain. The next level of serious overhead resistance is at $9.40.

For the same fiscal period year-over-year, revenue has improved to $1.15 billion last fiscal year compared to $1.08 billion in the previous year. The bottom line has rising earnings year-over-year of $73.49 million last fiscal year compared to $-156.12 million in the previous year.

Short interest is high at 7.65%.

Key is oversold on the charts. I like the August $7.5 put this week during the next few days for 55 cents or greater. My profit target is 45 cents or close out on option expiration date.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
F $15.77 0.00%
KEG $2.17 0.00%
ROVI $19.48 0.00%
TTWO $25.08 0.00%
TC $1.29 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs