Key Energy Services Price Target Cut to $8.00 by Analysts at Howard Weil (KEG)
Analysts at Howard Weil lowered their price objective on shares of Key Energy Services (NYSE:KEG) from $9.00 to $8.00 in a research report issued to clients and investors on Friday. Howard Weil’s target price would indicate a potential upside of 27.19% from the stock’s previous close.
Shares of Key Energy Services (NYSE:KEG) traded up 2.11% during mid-day trading on Friday, hitting $6.29. 3,312,410 shares of the company’s stock traded hands. Key Energy Services has a 52 week low of $6.01 and a 52 week high of $10.52. The stock’s 50-day moving average is $7.75 and its 200-day moving average is $8.37. The company’s market cap is $965.5 million.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Key Energy Services from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $5.90 price target on the stock. Separately, 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. Finally, analysts at Iberia Capital downgraded shares of Key Energy Services to a “sector perform” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.13.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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