Key Energy (KEG) -10.1% premarket after forecasting FQ2 results to miss its prior expectations,...

|About: Key Energy Services, Inc. (KEG)|By:, SA News Editor

Key Energy (KEG) -10.1% premarket after forecasting FQ2 results to miss its prior expectations, as KEG now expects earnings from continuing operations at $0.18-$0.20/share vs. prior $0.31-$0.33. KEG also cut full-year projections for U.S. revenue, pointing to lower than expected growth in liquid shale markets this year and a decline in natural gas prices.