Key Energy Services Rating Lowered to Underperform at Zacks (KEG)
Key Energy Services (NYSE:KEG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, Analyst Ratings Network.com reports. They currently have a $6.80 target price on the stock. Zacks‘ target price points to a potential downside of 4.90% from the company’s current price.
Shares of Key Energy Services (NYSE:KEG) traded up 0.42% on Thursday, hitting $7.18. The stock had a trading volume of 2,942,256 shares. Key Energy Services has a one year low of $5.61 and a one year high of $9.55. The stock has a 50-day moving average of $7.79 and a 200-day moving average of $7.28. The company has a market cap of $1.094 billion and a price-to-earnings ratio of 255.36.
A number of other firms have also recently commented on KEG. Analysts at Global Hunter Securities downgraded shares of Key Energy Services from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 18th. Separately, analysts at ISI Group upgraded shares of Key Energy Services to a “buy” rating in a research note to investors on Friday, November 8th. Finally, analysts at ISI Group upgraded shares of Key Energy Services from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.14.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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