Key Energy Services Inc. (KEG) was a big mover last session, as its shares rose almost 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reveres the recent downtrend for the company, as the stock is now down over 45% in the past one-month time frame.
Over the last 30 days, the company witnessed one positive and one negative estimate revision while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Key Energy Services currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Other better-ranked stocks in the oils-energy sector include Cheniere Energy Partners LP. (CQP), Ormat Technologies Inc. (ORA) and Murphy USA Inc. (MUSA). All three sport a Zacks Rank #1 (Strong Buy).
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