Key Energy Services’s “Buy” Rating Reaffirmed at Deutsche Bank (KEG)
Key Energy Services (NYSE:KEG)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Thursday. They currently have a $11.00 target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 33.50% from the company’s current price.
Key Energy Services (NYSE:KEG) traded down 0.12% during mid-day trading on Thursday, hitting $8.23. The stock had a trading volume of 3,839,058 shares. Key Energy Services has a 52-week low of $5.78 and a 52-week high of $10.52. The stock’s 50-day moving average is $8.85 and its 200-day moving average is $8.3. The company’s market cap is $1.262 billion.
Key Energy Services (NYSE:KEG) last released its earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.01. Analysts expect that Key Energy Services will post $0.06 EPS for the current fiscal year.
A number of other firms have also recently commented on KEG. Analysts at Ned Davis Research upgraded shares of Key Energy Services from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Separately, analysts at Cowen and Company raised their price target on shares of Key Energy Services from $8.50 to $9.00 in a research note on Tuesday, May 6th. Finally, analysts at Imperial Capital cut their price target on shares of Key Energy Services from $11.00 to $10.50 in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Key Energy Services currently has a consensus rating of “Hold” and a consensus target price of $10.40.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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