Key Energy Services Inc (NYSE:KEG) Receives $5.08 Average Target Price from Brokerages

Shares of Key Energy Services Inc (NYSE:KEG) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.08.

A number of equities analysts have recently weighed in on KEG shares. ValuEngine upgraded Key Energy Services from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research downgraded Key Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Johnson Rice downgraded Key Energy Services from an “accumulate” rating to a “hold” rating in a report on Thursday. Finally, Seaport Global Securities set a $3.00 price objective on Key Energy Services and gave the stock a “buy” rating in a report on Monday.

NYSE KEG traded up $0.18 on Friday, reaching $1.48. The company’s stock had a trading volume of 179,000 shares, compared to its average volume of 317,031. Key Energy Services has a twelve month low of $1.28 and a twelve month high of $13.88. The company has a debt-to-equity ratio of 39.86, a quick ratio of 1.32 and a current ratio of 1.38. The stock has a market cap of $26.55 million, a PE ratio of -0.33 and a beta of 3.98. The firm’s 50 day moving average is $2.57 and its two-hundred day moving average is $2.95.



A number of large investors have recently added to or reduced their stakes in the stock. Rutabaga Capital Management LLC MA increased its holdings in Key Energy Services by 18.7% in the first quarter. Rutabaga Capital Management LLC MA now owns 2,393,202 shares of the oil and gas company’s stock worth $9,716,000 after buying an additional 377,176 shares during the last quarter. Vanguard Group Inc. boosted its position in Key Energy Services by 126.6% during the second quarter. Vanguard Group Inc. now owns 493,538 shares of the oil and gas company’s stock worth $1,111,000 after purchasing an additional 275,728 shares during the period. Deutsche Bank AG boosted its position in Key Energy Services by 1,188.3% during the fourth quarter. Deutsche Bank AG now owns 263,757 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 243,284 shares during the period. Boston Partners boosted its position in Key Energy Services by 3.5% during the first quarter. Boston Partners now owns 215,873 shares of the oil and gas company’s stock worth $876,000 after purchasing an additional 7,240 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in Key Energy Services by 34.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 91,258 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 23,463 shares during the period. Hedge funds and other institutional investors own 47.90% of the company’s stock.

About Key Energy Services

Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. It operates through Rig Services, Fishing and Rental Services, Coiled Tubing Services, and Fluid Management Services segments. The Rig Services segment is involved in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance activities; and plugging and abandonment of wells at the end of their useful lives, as well as provision of specialty drilling services to oil and natural gas producers.

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Analyst Recommendations for Key Energy Services (NYSE:KEG)

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