Key Energy Services Given “Buy” Rating at Deutsche Bank (KEG)
Key Energy Services (NYSE:KEG)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Monday. They currently have a $8.00 target price on the stock, down from their previous target price of $10.00. Deutsche Bank’s target price points to a potential upside of 27.19% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of Key Energy Services from $7.50 to $7.00 in a research note on Monday. They now have an “in-line” rating on the stock. Separately, analysts at Howard Weil cut their price target on shares of Key Energy Services from $9.00 to $8.00 in a research note on Friday. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.90.
Shares of Key Energy Services (NYSE:KEG) traded down 1.43% during mid-day trading on Monday, hitting $6.20. 896,025 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 $951.9 million.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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