Key Energy Services, Inc. (NYSE:KEG)’s share price rose 10.3% during mid-day trading on Wednesday . The company traded as high as $14.28 and last traded at $13.63. Approximately 537,036 shares traded hands during trading, an increase of 75% from the average daily volume of 306,168 shares. The stock had previously closed at $12.36.
KEG has been the subject of a number of research reports. Johnson Rice initiated coverage on shares of Key Energy Services in a research report on Thursday, September 21st. They set an “accumulate” rating for the company. Piper Jaffray Companies reiterated a “buy” rating and set a $17.00 price target on shares of Key Energy Services in a report on Tuesday, September 19th. Seaport Global Securities upgraded shares of Key Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Evercore ISI initiated coverage on shares of Key Energy Services in a report on Tuesday, September 5th. They set an “in-line” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Key Energy Services has a consensus rating of “Hold” and an average price target of $18.17.
In other news, Director Scott D. Vogel purchased 25,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $9.00 per share, for a total transaction of $225,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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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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