Key Energy Services, Inc. (NYSE:KEG) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.75.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Key Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, July 12th. Instinet restated a “neutral” rating and set a $27.00 target price on shares of Key Energy Services in a report on Wednesday, April 19th. Nomura restated a “hold” rating and set a $23.00 target price on shares of Key Energy Services in a report on Wednesday, May 17th. Finally, Seaport Global Securities lowered Key Energy Services from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $19.00 in a report on Wednesday, June 21st.
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Large investors have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC raised its stake in Key Energy Services by 217.4% in the first quarter. Phoenix Investment Adviser LLC now owns 7,300 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 5,000 shares during the period. Kirr Marbach & Co. LLC IN acquired a new stake in Key Energy Services during the second quarter valued at $198,000. BlueCrest Capital Management Ltd acquired a new stake in Key Energy Services during the first quarter valued at $265,000. Sei Investments Co. acquired a new stake in Key Energy Services during the first quarter valued at $324,000. Finally, Pacer Advisors Inc. acquired a new stake in Key Energy Services during the first quarter valued at $354,000. 46.88% of the stock is currently owned by institutional investors.
Shares of Key Energy Services (NYSE:KEG) opened at 18.95 on Tuesday. The firm has a market cap of $380.82 million and a P/E ratio of 15.53. Key Energy Services has a 12-month low of $8.00 and a 12-month high of $38.00. The stock has a 50 day moving average price of $18.55 and a 200 day moving average price of $24.49.
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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