Key Energy Services Price Target Cut to $9.00 (KEG)
Barclays decreased their price target on shares of Key Energy Services (NYSE:KEG) from $10.00 to $9.00 in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. Barclays’ target price would suggest a potential upside of 12.50% from the company’s current price.
Key Energy Services (NYSE:KEG) opened at 8.00 on Tuesday. Key Energy Services has a 52 week low of $5.61 and a 52 week high of $9.45. The stock’s 50-day moving average is $7.57 and its 200-day moving average is $7.47. The company’s market cap is $1.219 billion.
Separately, analysts at Zacks downgraded shares of Key Energy Services from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 9th. They now have a $6.80 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Key Energy Services presently has a consensus rating of “Hold” and a consensus price target of $9.05.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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