Shares of Key Energy Services, Inc. (NYSE:KEG) have earned an average recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.60.
Several equities research analysts have commented on KEG shares. Nomura began coverage on Key Energy Services in a research note on Wednesday, April 19th. They issued a “neutral” rating and a $27.00 target price on the stock. Instinet reiterated a “neutral” rating and set a $27.00 price objective on shares of Key Energy Services in a research note on Wednesday, April 19th. Zacks Investment Research cut Key Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Seaport Global Securities cut Key Energy Services from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $26.00 to $19.00 in a research note on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $27.00 price objective on Key Energy Services and gave the stock a “buy” rating in a research note on Wednesday.
Key Energy Services (NYSE:KEG) traded down 2.69% during trading on Friday, hitting $13.02. 69,032 shares of the stock traded hands. The firm’s 50-day moving average is $18.32 and its 200 day moving average is $23.24. Key Energy Services has a 52 week low of $8.00 and a 52 week high of $38.00. The stock has a market cap of $261.65 million and a P/E ratio of 2.51.
A number of large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in Key Energy Services during the second quarter worth $212,000. Hotchkis & Wiley Capital Management LLC boosted its stake in Key Energy Services by 26.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 245,250 shares of the oil and gas company’s stock worth $4,719,000 after buying an additional 50,650 shares during the period. Nationwide Fund Advisors acquired a new stake in Key Energy Services during the second quarter worth $108,000. TIAA CREF Investment Management LLC acquired a new stake in Key Energy Services during the second quarter worth $526,000. Finally, Teachers Advisors LLC acquired a new stake in Key Energy Services during the second quarter worth $349,000. Institutional investors and hedge funds own 46.03% of the company’s stock.
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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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