Key Energy Services, Inc. (NYSE:KEG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The company’s services include drilling and workover rigs, coiled tubing, frac stack and well testing, fluid services, onshore and deepwater fishing and rental services. It operates primarily in United States, Mexico, Colombia, Ecuador, the Middle East and Russia. Key Energy Services, Inc. is headquatered in Houston, Texas. “
Several other research analysts also recently commented on KEG. Seaport Global Securities downgraded Key Energy Services from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $19.00 in a report on Wednesday, June 21st. Piper Jaffray Companies set a $27.00 price objective on Key Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 9th. Nomura set a $17.00 price objective on Key Energy Services and gave the stock a “hold” rating in a report on Friday, August 11th. Evercore ISI reaffirmed an “in-line” rating and set a $11.00 price objective on shares of Key Energy Services in a report on Tuesday, September 5th. Finally, Johnson Rice began coverage on Key Energy Services in a report on Thursday, September 21st. They set an “accumulate” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.17.
COPYRIGHT VIOLATION WARNING: “Key Energy Services, Inc. (KEG) Rating Increased to Hold at Zacks Investment Research” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.com-unik.info/2017/10/11/key-energy-services-inc-keg-rating-increased-to-hold-at-zacks-investment-research.html.
Large investors have recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new position in Key Energy Services during the 2nd quarter worth $108,000. The Manufacturers Life Insurance Company lifted its holdings in Key Energy Services by 46,163.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock worth $195,000 after buying an additional 10,156 shares in the last quarter. Kirr Marbach & Co. LLC IN acquired a new position in Key Energy Services during the 2nd quarter worth $198,000. New York State Common Retirement Fund acquired a new position in Key Energy Services during the 2nd quarter worth $212,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Key Energy Services during the 1st quarter worth $265,000. 50.19% of the stock is currently owned by hedge funds and other 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.
What are top analysts saying about Key Energy Services Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Key Energy Services Inc. and related companies.