Key Energy (KEG -11.7%) shares are slammed after the company's guidance cut, and RBC warns of...

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

Key Energy (KEG -11.7%) shares are slammed after the company's guidance cut, and RBC warns of further share downside if oil and the rig count continue to fall. The firm notes pricing pressures and lower utilization levels are spreading to other NAM business lines outside of pressure pumping, as gains in oil/liquids activity have not been able to fully offset the drop in dry gas activity.