Key Energy Services, Inc. (NYSE:KEG) has been assigned a $17.00 price objective by stock analysts at Nomura in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Nomura’s price target suggests a potential upside of 27.06% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $27.00 price target on shares of Key Energy Services and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, July 12th. Instinet reaffirmed a “neutral” rating and set a $27.00 price target on shares of Key Energy Services in a research note on Wednesday, April 19th. Finally, Seaport Global Securities cut shares of Key Energy Services from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $26.00 to $19.00 in a research note on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.60.
Shares of Key Energy Services (NYSE KEG) traded down 2.32% during trading on Friday, hitting $13.07. The stock had a trading volume of 114,613 shares. Key Energy Services has a 52-week low of $8.00 and a 52-week high of $38.00. The stock has a 50 day moving average of $18.32 and a 200 day moving average of $23.24. The firm has a market cap of $262.65 million and a PE ratio of 2.52.
A number of large investors have recently added to or reduced their stakes in KEG. Phoenix Investment Adviser LLC boosted its stake in Key Energy Services by 217.4% in the first quarter. Phoenix Investment Adviser LLC now owns 7,300 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 5,000 shares during the period. Nationwide Fund Advisors bought a new stake in Key Energy Services during the second quarter valued at about $108,000. Parkwood LLC boosted its stake in Key Energy Services by 29.0% in the second quarter. Parkwood LLC now owns 26,555 shares of the oil and gas company’s stock valued at $511,000 after buying an additional 5,965 shares during the period. Kirr Marbach & Co. LLC IN bought a new stake in Key Energy Services during the second quarter valued at about $198,000. Finally, New York State Common Retirement Fund bought a new stake in Key Energy Services during the second quarter valued at about $212,000. 46.03% of the stock is owned by institutional investors.
Key Energy Services Company Profile
Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.
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