FBR Capital Maintains an 'Outperform' on Key Energy Services (KEG); Adds Complementary Service Lines

FBR Capital maintains an 'Outperform' on Key Energy Services (NYSE: KEG).

FBR analyst says, "Key Energy Services announced an acquisition of two private companies, Edge Oilfield Services and Summit Oilfield Services. We believe that this acquisition has enormous strategic merit and are further encouraged by the company's statement that it will be accretive to margins and earnings this year."

"We do not expect any anti-trust issues stemming from the transaction do to the relatively small size to the companies being acquired. In our view, early termination of the Hart-Scott-Rodino waiting period is likely and will not present any obstacle or delay in the closing of the deal this quarter."

For more ratings news on Key Energy Services click here and for the rating history of Key Energy Services click here.

Shares of Key Energy Services closed at $18.88 yesterday.

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