Key Energy Services, Inc. (KEG) Given Average Rating of “Hold” by Analysts

Shares of Key Energy Services, Inc. (NYSE:KEG) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.00.

Several equities research analysts have recently weighed in on the company. Nomura set a $17.00 price objective on Key Energy Services and gave the company a “hold” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $27.00 price objective on Key Energy Services and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Key Energy Services from a “buy” rating to a “sell” rating in a research report on Tuesday, August 15th. Johnson Rice assumed coverage on Key Energy Services in a research report on Thursday, September 21st. They issued an “accumulate” rating for the company. Finally, Evercore ISI reissued an “in-line” rating and issued a $11.00 price objective on shares of Key Energy Services in a research report on Tuesday, September 5th.

COPYRIGHT VIOLATION WARNING: This story was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.com-unik.info/2017/11/06/key-energy-services-inc-keg-given-average-rating-of-hold-by-analysts.html.

Shares of Key Energy Services (NYSE:KEG) opened at $10.48 on Monday. Key Energy Services has a 12-month low of $9.11 and a 12-month high of $38.00.

A number of hedge funds have recently modified their holdings of the stock. Fine Capital Partners L.P. lifted its position in Key Energy Services by 179.6% in the second quarter. Fine Capital Partners L.P. now owns 629,546 shares of the oil and gas company’s stock worth $12,112,000 after purchasing an additional 404,361 shares during the period. Vanguard Group Inc. lifted its position in Key Energy Services by 20.2% in the second quarter. Vanguard Group Inc. now owns 291,977 shares of the oil and gas company’s stock worth $5,618,000 after purchasing an additional 49,002 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position 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 purchasing an additional 50,650 shares during the period. Balyasny Asset Management LLC lifted its position in Key Energy Services by 18.6% in the second quarter. Balyasny Asset Management LLC now owns 227,534 shares of the oil and gas company’s stock worth $4,378,000 after purchasing an additional 35,762 shares during the period. Finally, Boston Partners bought a new position in Key Energy Services in the third quarter worth $2,242,000. 50.23% of the stock is 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.

Analyst Recommendations for Key Energy Services (NYSE:KEG)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit