Intrinsic value of Key Energy Services - KEG

Previous Close

$16.63

  Intrinsic Value

$1.61

stock screener

  Rating & Target

str. sell

-90%

Previous close

$16.63

 
Intrinsic value

$1.61

 
Up/down potential

-90%

 
Rating

str. sell

We calculate the intrinsic value of KEG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
(a)
   1
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -100.00
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  0
  445
  455
  467
  480
  494
  510
  528
  546
  567
  588
  612
  637
  663
  691
  721
  753
  786
  821
  859
  898
  940
  984
  1,030
  1,079
  1,130
  1,184
  1,241
  1,301
  1,364
  1,430
Variable operating expenses, $m
 
  1,022
  1,045
  1,072
  1,102
  1,135
  1,172
  1,212
  1,255
  1,302
  1,352
  1,405
  1,462
  1,523
  1,587
  1,656
  1,729
  1,805
  1,887
  1,972
  2,063
  2,159
  2,259
  2,366
  2,478
  2,596
  2,720
  2,851
  2,988
  3,133
  3,285
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  0
  1,022
  1,045
  1,072
  1,102
  1,135
  1,172
  1,212
  1,255
  1,302
  1,352
  1,405
  1,462
  1,523
  1,587
  1,656
  1,729
  1,805
  1,887
  1,972
  2,063
  2,159
  2,259
  2,366
  2,478
  2,596
  2,720
  2,851
  2,988
  3,133
  3,285
Operating income, $m
  0
  -577
  -590
  -605
  -622
  -641
  -662
  -684
  -709
  -735
  -763
  -793
  -826
  -860
  -896
  -935
  -976
  -1,019
  -1,065
  -1,114
  -1,165
  -1,219
  -1,276
  -1,336
  -1,399
  -1,466
  -1,536
  -1,610
  -1,687
  -1,769
  -1,855
EBITDA, $m
  0
  -515
  -527
  -540
  -556
  -572
  -591
  -611
  -633
  -656
  -681
  -708
  -737
  -768
  -800
  -835
  -871
  -910
  -951
  -994
  -1,040
  -1,088
  -1,139
  -1,193
  -1,249
  -1,308
  -1,371
  -1,437
  -1,506
  -1,579
  -1,656
Interest expense (income), $m
  0
  13
  14
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  31
  32
  34
  36
  38
  40
  43
  45
  48
  50
  53
  56
  59
Earnings before tax, $m
  0
  -590
  -604
  -619
  -637
  -657
  -678
  -701
  -727
  -754
  -783
  -814
  -848
  -883
  -921
  -961
  -1,003
  -1,048
  -1,096
  -1,146
  -1,199
  -1,255
  -1,314
  -1,376
  -1,442
  -1,511
  -1,584
  -1,660
  -1,741
  -1,825
  -1,914
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  0
  -590
  -604
  -619
  -637
  -657
  -678
  -701
  -727
  -754
  -783
  -814
  -848
  -883
  -921
  -961
  -1,003
  -1,048
  -1,096
  -1,146
  -1,199
  -1,255
  -1,314
  -1,376
  -1,442
  -1,511
  -1,584
  -1,660
  -1,741
  -1,825
  -1,914

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  0
  540
  552
  566
  582
  600
  619
  640
  663
  688
  714
  742
  773
  805
  839
  875
  913
  954
  997
  1,042
  1,090
  1,140
  1,194
  1,250
  1,309
  1,371
  1,437
  1,506
  1,579
  1,655
  1,736
Adjusted assets (=assets-cash), $m
  0
  540
  552
  566
  582
  600
  619
  640
  663
  688
  714
  742
  773
  805
  839
  875
  913
  954
  997
  1,042
  1,090
  1,140
  1,194
  1,250
  1,309
  1,371
  1,437
  1,506
  1,579
  1,655
  1,736
Revenue / Adjusted assets
  0.000
  0.824
  0.824
  0.825
  0.825
  0.823
  0.824
  0.825
  0.824
  0.824
  0.824
  0.825
  0.824
  0.824
  0.824
  0.824
  0.825
  0.824
  0.823
  0.824
  0.824
  0.825
  0.824
  0.824
  0.824
  0.824
  0.824
  0.824
  0.824
  0.824
  0.824
Average production assets, $m
  0
  619
  633
  649
  667
  688
  710
  734
  760
  788
  819
  851
  885
  922
  961
  1,003
  1,047
  1,093
  1,142
  1,194
  1,249
  1,307
  1,368
  1,433
  1,500
  1,572
  1,647
  1,726
  1,810
  1,897
  1,989
Working capital, $m
  0
  8
  8
  8
  8
  8
  9
  9
  9
  10
  10
  10
  11
  11
  12
  12
  13
  13
  14
  15
  15
  16
  17
  18
  18
  19
  20
  21
  22
  23
  24
Total debt, $m
  0
  254
  263
  274
  286
  300
  314
  330
  348
  366
  386
  407
  430
  455
  480
  508
  537
  568
  600
  634
  671
  709
  749
  792
  836
  884
  933
  986
  1,041
  1,099
  1,159
Total liabilities, $m
  0
  409
  418
  429
  441
  454
  469
  485
  502
  521
  541
  562
  585
  609
  635
  662
  691
  722
  755
  789
  825
  863
  904
  946
  991
  1,038
  1,088
  1,140
  1,195
  1,253
  1,314
Total equity, $m
  0
  131
  134
  138
  141
  146
  150
  156
  161
  167
  174
  180
  188
  196
  204
  213
  222
  232
  242
  253
  265
  277
  290
  304
  318
  333
  349
  366
  384
  402
  422
Total liabilities and equity, $m
  0
  540
  552
  567
  582
  600
  619
  641
  663
  688
  715
  742
  773
  805
  839
  875
  913
  954
  997
  1,042
  1,090
  1,140
  1,194
  1,250
  1,309
  1,371
  1,437
  1,506
  1,579
  1,655
  1,736
Debt-to-equity ratio
  0.000
  1.940
  1.960
  1.990
  2.020
  2.060
  2.090
  2.120
  2.160
  2.190
  2.220
  2.260
  2.290
  2.320
  2.360
  2.390
  2.420
  2.450
  2.480
  2.510
  2.530
  2.560
  2.580
  2.610
  2.630
  2.650
  2.670
  2.690
  2.710
  2.730
  2.750
Adjusted equity ratio
  0.000
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  0
  -590
  -604
  -619
  -637
  -657
  -678
  -701
  -727
  -754
  -783
  -814
  -848
  -883
  -921
  -961
  -1,003
  -1,048
  -1,096
  -1,146
  -1,199
  -1,255
  -1,314
  -1,376
  -1,442
  -1,511
  -1,584
  -1,660
  -1,741
  -1,825
  -1,914
Depreciation, amort., depletion, $m
  0
  62
  63
  65
  67
  69
  71
  73
  76
  79
  82
  85
  89
  92
  96
  100
  105
  109
  114
  119
  125
  131
  137
  143
  150
  157
  165
  173
  181
  190
  199
Funds from operations, $m
  0
  -528
  -541
  -555
  -570
  -588
  -607
  -628
  -651
  -675
  -701
  -729
  -759
  -791
  -825
  -861
  -899
  -939
  -982
  -1,027
  -1,074
  -1,124
  -1,177
  -1,233
  -1,292
  -1,354
  -1,419
  -1,487
  -1,560
  -1,635
  -1,715
Change in working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
Cash from operations, $m
  0
  -528
  -541
  -555
  -571
  -588
  -607
  -628
  -651
  -675
  -702
  -730
  -760
  -791
  -825
  -861
  -899
  -940
  -982
  -1,027
  -1,075
  -1,125
  -1,178
  -1,234
  -1,293
  -1,355
  -1,420
  -1,488
  -1,561
  -1,637
  -1,716
Maintenance CAPEX, $m
  0
  -61
  -62
  -63
  -65
  -67
  -69
  -71
  -73
  -76
  -79
  -82
  -85
  -89
  -92
  -96
  -100
  -105
  -109
  -114
  -119
  -125
  -131
  -137
  -143
  -150
  -157
  -165
  -173
  -181
  -190
New CAPEX, $m
  0
  -12
  -14
  -16
  -18
  -20
  -22
  -24
  -26
  -28
  -30
  -32
  -35
  -37
  -39
  -41
  -44
  -47
  -49
  -52
  -55
  -58
  -61
  -64
  -68
  -71
  -75
  -79
  -83
  -88
  -92
Cash from investing activities, $m
  0
  -73
  -76
  -79
  -83
  -87
  -91
  -95
  -99
  -104
  -109
  -114
  -120
  -126
  -131
  -137
  -144
  -152
  -158
  -166
  -174
  -183
  -192
  -201
  -211
  -221
  -232
  -244
  -256
  -269
  -282
Free cash flow, $m
  0
  -601
  -617
  -634
  -654
  -675
  -698
  -723
  -750
  -780
  -811
  -844
  -879
  -917
  -957
  -999
  -1,044
  -1,091
  -1,141
  -1,194
  -1,249
  -1,308
  -1,370
  -1,435
  -1,504
  -1,576
  -1,652
  -1,732
  -1,817
  -1,905
  -1,998
Issuance/(repayment) of debt, $m
  0
  8
  9
  11
  12
  13
  15
  16
  17
  19
  20
  21
  23
  24
  26
  27
  29
  31
  32
  34
  36
  38
  40
  43
  45
  47
  50
  52
  55
  58
  61
Issuance/(repurchase) of shares, $m
  0
  592
  607
  623
  641
  661
  683
  706
  732
  760
  789
  821
  855
  891
  929
  970
  1,013
  1,058
  1,106
  1,157
  1,211
  1,267
  1,327
  1,390
  1,456
  1,526
  1,599
  1,677
  1,758
  1,844
  1,934
Cash from financing (excl. dividends), $m  
  0
  600
  616
  634
  653
  674
  698
  722
  749
  779
  809
  842
  878
  915
  955
  997
  1,042
  1,089
  1,138
  1,191
  1,247
  1,305
  1,367
  1,433
  1,501
  1,573
  1,649
  1,729
  1,813
  1,902
  1,995
Total cash flow (excl. dividends), $m
  0
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
Retained Cash Flow (-), $m
  0
  -592
  -607
  -623
  -641
  -661
  -683
  -706
  -732
  -760
  -789
  -821
  -855
  -891
  -929
  -970
  -1,013
  -1,058
  -1,106
  -1,157
  -1,211
  -1,267
  -1,327
  -1,390
  -1,456
  -1,526
  -1,599
  -1,677
  -1,758
  -1,844
  -1,934
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -592
  -607
  -623
  -641
  -661
  -683
  -706
  -732
  -760
  -789
  -821
  -855
  -891
  -929
  -970
  -1,013
  -1,058
  -1,106
  -1,157
  -1,211
  -1,267
  -1,327
  -1,390
  -1,456
  -1,526
  -1,599
  -1,677
  -1,758
  -1,844
  -1,934
Discount rate, %
 
  9.00
  9.45
  9.92
  10.42
  10.94
  11.49
  12.06
  12.66
  13.30
  13.96
  14.66
  15.39
  16.16
  16.97
  17.82
  18.71
  19.65
  20.63
  21.66
  22.74
  23.88
  25.07
  26.33
  27.64
  29.03
  30.48
  32.00
  33.60
  35.28
  37.05
PV of cash for distribution, $m
 
  -543
  -507
  -469
  -431
  -393
  -356
  -318
  -282
  -247
  -214
  -182
  -153
  -127
  -104
  -83
  -65
  -50
  -38
  -28
  -20
  -14
  -10
  -6
  -4
  -3
  -2
  -1
  -1
  0
  0
Current shareholders' claim on cash, %
  100
  36.0
  12.9
  4.6
  1.6
  0.6
  0.2
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor. The company operates through U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International segments. It engages in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance; and the plugging and abandonment of wells at the end of their lives, as well as specialty drilling services to oil and natural gas producers. The company also offers transportation and well-site storage services for various fluids utilized in drilling, completions, workover, and maintenance activities; and disposal services for fluids produced subsequent to well completion. In addition, it operates a fleet of hot oilers used to clear soluble restrictions in a wellbore; offers coiled tubing services for wellbore clean-outs, nitrogen jet lifts, through-tubing fishing, and formation stimulations; and mills temporary isolation plugs that separate frac zones. Further, the company provides fishing services, such as recovering lost or stuck equipment in the wellbore utilizing fishing tools, as well as well testing services; and rents drill pipe, tubulars, handling tools, pressure-control equipment, pumps, power swivels, reversing units, foam air units, and frac stack equipment used to support hydraulic fracturing operations and the associated flowback of frac fluids, proppants, oil, and natural gas. Additionally, it offers drilling, wireline and project management, consulting, and reservoir engineering services; and develops hardware and software related to oilfield service equipment controls, data acquisition, and digital information flow. The company was formerly known as Key Energy Group, Inc. and changed its name to Key Energy Services, Inc. in December 1998. Key Energy Services, Inc. was founded in 1977 and is headquartered in Houston, Texas.

FINANCIAL RATIOS  of  Key Energy Services (KEG)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

KEG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KEG stock intrinsic value calculation we used $436 million for the last fiscal year's total revenue generated by Key Energy Services. The default revenue input number comes from income statement of Key Energy Services. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our KEG stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9%, whose default value for KEG is calculated based on our internal credit rating of Key Energy Services, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Key Energy Services.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of KEG stock the variable cost ratio is equal to 229.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for KEG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Key Energy Services.

Corporate tax rate of 27% is the nominal tax rate for Key Energy Services. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the KEG stock is equal to 1.7%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for KEG are equal to 139.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Key Energy Services operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for KEG is equal to 1.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $129 million for Key Energy Services - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 20 million for Key Energy Services is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Key Energy Services at the current share price and the inputted number of shares is $0.3 billion.

COMPANY NEWS

▶ Update: CEO of Houston-based well-servicing contractor leaves for fracking co.   [May-14-18 09:31AM  American City Business Journals]
▶ Key Energy Services Reports First Quarter 2018 Earnings   [May-09-18 06:20PM  GlobeNewswire]
▶ Transocean (RIG) Catches Eye: Stock Jumps 6.4%   [Apr-12-18 08:41AM  Zacks]
▶ Key Energy Services, Inc. to Host Earnings Call   [Feb-27-18 09:15AM  ACCESSWIRE]
▶ NYSE Stocks Insiders Are Buying   [Feb-07-18 08:02AM  Simply Wall St.]
▶ Gauging Short Interest in National Oilwell Varco   [Jan-25-18 09:01AM  Market Realist]
▶ Short Interest in Halliburton on January 4   [Jan-11-18 09:02AM  Market Realist]
▶ Analysts Are Optimistic about Halliburtons 4Q17 Earnings   [Jan-10-18 12:29PM  Market Realist]
▶ Short Interest in Schlumberger on January 2   [Jan-09-18 09:03AM  Market Realist]
▶ Wall Street Targets for the Worst-Performing Oilfield Stocks   [Nov-27-17 10:32AM  Market Realist]
▶ The Worst-Performing Oilfield Stock Year-to-Date   [Nov-24-17 05:50PM  Market Realist]
▶ Key Energy Services, Inc. to Host Earnings Call   [Nov-09-17 09:00AM  ACCESSWIRE]
▶ Key Energy Services Reports Third Quarter 2017 Earnings   [Nov-08-17 06:21PM  GlobeNewswire]
▶ Wall Streets Forecasts for Halliburton after 3Q17 Earnings   [Oct-24-17 02:23PM  Market Realist]
▶ Short Interest in Halliburton on October 5   [Oct-10-17 10:39AM  Market Realist]
▶ Short Interest in Schlumberger on October 2   [07:38AM  Market Realist]
▶ Oilfield Services Gainers: FTK, KEG, BAS, DWSN, and AROC   [Oct-04-17 01:36PM  Market Realist]
▶ Rising Oilfield Service Stocks: BAS, EXH, TESO, WFT, and KEG   [Sep-28-17 05:41PM  Market Realist]
▶ Whats Short Interest in Halliburton on September 15?   [Sep-19-17 09:10AM  Market Realist]
▶ Key Energy Services Reports Second Quarter 2017 Earnings   [Aug-08-17 05:57PM  PR Newswire]
▶ Short Interest in Schlumberger on July 14, 2017   [Jul-17-17 02:35PM  Market Realist]
▶ Energy co. sells business unit to another Houston co. after recent bankruptcies   [Jul-06-17 10:29AM  American City Business Journals]
▶ AFGlobal Acquires Advanced Measurement Inc.   [09:00AM  GlobeNewswire]
▶ These 5 Oil Services Stocks Suffered a Brutal May   [Jun-07-17 01:52PM  Motley Fool]
▶ George Soros' Worst Performing Stocks of 2017 So Far   [May-23-17 04:03PM  Motley Fool]
▶ Are Analysts Changing Their Recommendations for BAS?   [May-12-17 07:36AM  Market Realist]
▶ Key Energy Services Reports First Quarter 2017 Earnings   [May-10-17 08:03PM  PR Newswire]
▶ Wall Streets Forecasts for NOV after Its 1Q17 Earnings   [Apr-28-17 09:08AM  Market Realist]
▶ 3 Stocks the Smartest Investors Are Buying Right Now   [Apr-07-17 10:24AM  Motley Fool]
Financial statements of KEG
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.