Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Key Energy Services (KEG) Share Price

Press coverage about Key Energy Services (NYSE:KEG) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Key Energy Services earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.3572679657216 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several equities research analysts have recently issued reports on KEG shares. Zacks Investment Research raised Key Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Evercore ISI started coverage on Key Energy Services in a research note on Tuesday, September 5th. They issued an “in-line” rating for the company. Johnson Rice started coverage on Key Energy Services in a research note on Thursday, September 21st. They issued an “accumulate” rating for the company. Nomura set a $17.00 price objective on Key Energy Services and gave the company a “hold” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Key Energy Services in a research note on Tuesday, September 19th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.17.

Shares of Key Energy Services (KEG) traded down $0.08 during mid-day trading on Friday, hitting $9.91. The company had a trading volume of 67,270 shares, compared to its average volume of 119,285. Key Energy Services has a 52-week low of $8.20 and a 52-week high of $38.00.

In other Key Energy Services news, Director Scott D. Vogel purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $9.00 per share, with a total value of $225,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.96% of the stock is currently owned by company insiders.

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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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