Dallas, Texas 09/20/2013 (Financialstrend) – In Thursday’s trading session, Key Energy Services, Inc. (NYSE:KEG) stock rose by 1.98%. The opening price of the shares was $7.57 which climbed to an intraday high of $7.96 and closed at $7.72. Approximately 3.83 million shares exchanged hands in Thursday’s trading. An average 2.00 million of shares were traded over 30 days. The 52-week low of the shares is $5.61 while the 52-week high is $9.55. Key Energy Services, Inc. (NYSE:KEG) has a market capitalization of $1.18 billion.
About the company
Key Energy Services, Inc. (NYSE:KEG) is a rig-based, onshore well servicing contractor. It provides a variety of well services to numerous foreign national oil companies, major oil companies as well as independent oil and natural-gas production-companies. Key Energy Services, Inc. (NYSE:KEG) provides its customers services such as coiled tubing based and rig-based workover and well maintenance services, well recompletion and completion services, rental and fishing services, fluid management services and other ancillary and associated oilfield services. Apart from all these, some of its rigs are also able to carry out specialty drilling applications.
Key Energy Services, Inc. (NYSE:KEG) operates in the oil and natural gas producing regions of the continental U.S. In addition, it has operations in The Middle East, Colombia, Mexico, Russia and Argentina. It also has a control systems and technology development business that is based in Canada. It operates in 2 segments: United States Segment and the International Segment. Amongst others, Key Energy Services, Inc. (NYSE:KEG) competes with Basic Energy Services, Inc., Nabors Industries Ltd., Pioneer Drilling Company, Superior Energy Services and Forbes Energy Services Ltd.,
Key Energy Services, Inc. (NYSE:KEG)’s provides well-site storage and transportation services for fluids that are used in connection with completions, workover, drilling and maintenance activities. In addition provides various disposal services for fluids that are produced post well completion. These fluids are then removed from the site of the well and transported for SWD.