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.
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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