Key Energy Services, Inc. (NYSE:KEG) Valuation According To Analysts
- Author: Leroy Wright Dec 13, 2016,
Dec 13, 2016, 22:09
It has outperformed by 6.84% the S&P500. Guggenheim Capital LLC now owns 182,784 shares of the company's stock worth $307,000 after buying an additional 17,524 shares during the last quarter. We have $19.51 PT which if reached, will make NYSE:SPN worth $163.80M more.
Basic Energy Services, Inc. was downgraded to "hold" by analysts at Deutsche Bank. (NYSE:SPN) stock is presently standing at about $18.20 and lots of equity research firms seem to have a target price set on the stock. For the prior quarter revenue for the stock hit $356.27M, with EPS at -$0.53. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.80 to $-0.64. This means 29% are positive.
Basic Energy Services, Inc. has an EPS ratio of -7.6990. As per Monday, November 2, the company rating was maintained by JP Morgan. There was another key research note provided by Scotia Howard Weil on Wednesday October 26, 2016. (NYSE:SPN) according to Finviz Data is $-5.83. The firm earned "Outperform" rating on Thursday, March 10 by iBERIA Capital Partners. On Monday, February 22 the stock rating was downgraded by Raymond James to "Underperform". The stock has a consensus analyst price target of $1.1000for twelve month.
Insitutional Activity: The institutional sentiment increased to 0.63 in Q3 2016. Its down 0.12, from 1.09 in 2016Q2. Seaport Global Securities restated a "buy" rating on shares of Superior Energy Services in a research note on Friday, August 19th. 36 funds bought stakes while 100 increased positions. (NYSE:SPN) for 4.52 million shares.
These analysts also forecasted Growth Estimates for the Current Quarter for BAS to be 10.3%. Rhumbline Advisers holds 18,440 shares or 0% of its portfolio. Virginia Retirement Et Al holds 24,100 shares or 0.01% of its portfolio. (NYSE:SPN) for 77 shares. Dimensional Fund Advsr Limited Partnership accumulated 0.05% or 5.52 million shares. Federated Investors Inc Pa owns 137,005 shares or 0.01% of their USA portfolio. For the reporting quarter, equity analysts expect the stock to deliver -$0.75 in earnings per share (EPS). Moreover, Gru One Trading Lp has 0% invested in Superior Energy Services, Inc. (NYSE:SPN). Glenmede Trust Na has invested 0.01% of its portfolio in Superior Energy Services, Inc.
In a an analyst report revealed to investors today, Gabelli & Co analysts has initiated Superior Energy (NYSE:SPN) coverage with a Buy rating, and a $27 price target. Group last reported 0% of its portfolio in the stock. Axa owns 484,500 shares or 0.04% of their United States portfolio. Mutual Of America Mgmt Lc, a New York-based fund reported 120,507 shares. Ftb Advsrs holds 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) news was published by Prnewswire.com which published an article titled: "Oil & Gas Stocks Under Scanner - Superior Energy Services, Precision Drilling ..." on December 09, 2016.
Basic Energy Services (NYSE:BAS) opened at 0.461 on Monday. The Company operates through the segment, which include Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories.
Basic Energy Services, Inc., incorporated on January 7, 2003, provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services.