Key Energy Services Hits New 1-Year Low at $6.06 (KEG)
Key Energy Services (NYSE:KEG) hit a new 52-week low during mid-day trading on Friday , Analyst Ratings.Net reports. The stock traded as low as $6.06 and last traded at $6.08, with a volume of 1,243,380 shares traded. The stock had previously closed at $6.14.
Several analysts have recently commented on the stock. Analysts at Wunderlich reiterated a “hold” rating on shares of Key Energy Services in a research note on Wednesday, July 23rd. They now have a $7.00 price target on the stock, down previously from $9.00. Separately, analysts at Iberia Capital downgraded shares of Key Energy Services to a “sector perform” rating in a research note on Monday, July 21st. Finally, analysts at Robert W. Baird cut their price target on shares of Key Energy Services from $11.00 to $10.00 in a research note on Monday, July 21st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.60.
The stock’s 50-day moving average is $8.14 and its 200-day moving average is $8.43. The company’s market cap is $940.3 million.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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