Key Energy Services, Inc. (KEG) rated Market Outperform with price target $24 by Howard Weil
Howard Weil rated Market Outperform Key Energy Services, Inc. (NYSE: KEG) on 05/02/2011. Previously Howard Weil rated Market Outperform Key Energy Services, Inc. (NYSE:
KEG) on 10/09/2009., when the stock price was $8.41. Since then, Key Energy Services, Inc. has lost 26.16% as of 05/17/2013's recent price of $6.21. If you would have followed the previous Howard Weil's recommendation on KEG, you would have lost 26.15% of your investment in 1316 days.
Key Energy Services, Inc.
, together with its subsidiaries, operates as an onshore, rig-based well servicing contractor in the United States and internationally. It operates through three segments: Well Servicing, Pressure Pumping Services, and Fishing and Rental Services. The Well Servicing segment offers a range of well services, including rig-based services, oilfield transportation services, cased-hole electric wireline services, contract drilling services, and other ancillary oilfield services for the completion, stimulation, maintenance, and workover of oil and natural gas producing wells. The Pressure Pumping Services segment provides well stimulation services, such as fracturing, nitrogen services, and acidizing; and cementing services to the oil and natural gas producers. The Fishing and Rental Services segment offers fishing and rental services to independent oil and natural gas production companies, as well as provides services offshore. This segment's fishing services involve recovering lost or stuck equipment in the wellbore utilizing a ?fishing tool'. The Fishing and Rental Services segment provides a line of services and rental equipment designed for onshore and offshore for drilling and workover services. Its rental tools consist of tubulars, handling tools, pressure-controlled equipment, power swivels, and foam air units. The company was founded in 1977 and is based in Houston, Texas.
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