Key Energy Services Receives Buy Rating from Barclays Capital (KEG)
Key Energy Services (NYSE:KEG)‘s stock had its “buy” rating restated by Barclays Capital in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a $10.00 target price on the stock. Barclays Capital’s price objective would suggest a potential upside of 36.61% from the company’s current price.
KEG has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Key Energy Services (NYSE:KEG) from $7.00 to $8.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Global Hunter Securities upgraded shares of Key Energy Services (NYSE:KEG) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 3rd. They now have a $8.50 price target on the stock, up previously from $7.25. Finally, analysts at Howard Weil cut their price target on shares of Key Energy Services (NYSE:KEG) from $11.00 to $10.00 in a research note to investors on Thursday, August 29th. They now have a “sector perform” rating on the stock.
Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.13.
Key Energy Services (NYSE:KEG) traded down 7.58% on Thursday, hitting $7.32. The stock had a trading volume of 4,123,937 shares. Key Energy Services has a 1-year low of $5.61 and a 1-year high of $9.57. The stock’s 50-day moving average is $6.81 and its 200-day moving average is $6.87. The company’s market cap is $1.116 billion.
Key Energy Services (NYSE:KEG) last announced its earnings results on Thursday, July 25th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $421.24 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 20.3% on a year-over-year basis. Analysts expect that Key Energy Services will post $0.10 EPS for the current fiscal year.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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