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NEW YORK (

TheStreet

) --

Key Energy Services

(NYSE:

KEG

) hit a new 52-week low Friday as it is currently trading at $7.80, below its previous 52-week low of $7.88 with 1.5 million shares traded as of 10:35 a.m. ET. Average volume has been three million shares over the past 30 days.

Key Energy Services has a market cap of $1.48 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 48% year to date as of the close of trading on Thursday.

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Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. The company has a P/E ratio of 9.4, below the average energy industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Key Energy Services as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Key Energy Services Ratings Report

.

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