Key Energy Services (KEG) 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.