Key Energy Services Stock Gaps Down On Today's Open (KEG)
Shares of Key Energy Services (NYSE:KEG) were gapping down Thursday morning with an open price 11.7% lower than Wednesday's closing price. The stock closed at $9.79 yesterday and opened today's trading at $8.64.
NEW YORK ( TheStreet) -- Shares of Key Energy Services (NYSE: KEG) were gapping down Thursday morning with an open price 11.7% lower than Wednesday's closing price. The stock closed at $9.79 Wednesday and opened today's trading at $8.64.
The average volume for Key Energy Services has been three million shares per day over the past 30 days. Key Energy Services has a market cap of $1.46 billion and is part of the basic materials sector and energy industry. Shares are down 36.7% year to date as of the close of trading on Wednesday. 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 9.3, below the average energy industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7. 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. Get more investment ideas from our investment research center.