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Investment analysts at Imperial Capital reduced their price objective on shares of Key Energy Services (NYSE:KEG) from $10.50 to $7.50 in a note issued to investors on Monday. The firm currently has an “in” rating on the stock. Imperial Capital’s price target indicates a potential upside of 8.38% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil downgraded shares of Key Energy Services from a “sector outperform” rating to a “sector perform” rating in a research note on Friday. They now have a $9.00 price target on the stock. Separately, analysts at Robert W. Baird initiated coverage on shares of Key Energy Services in a research note on Tuesday, July 15th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Key Energy Services from $8.50 to $9.00 in a research note on Thursday, July 10th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.78.

Shares of Key Energy Services (NYSE:KEG) opened at 6.92 on Monday. Key Energy Services has a 1-year low of $6.06 and a 1-year high of $10.52. The stock has a 50-day moving average of $8.52 and a 200-day moving average of $8.50. The company’s market cap is $1.061 billion.

Key Energy Services (NYSE:KEG) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01.

Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.

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