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Key Energy Services (NYSE:KEG) reached a new 52-week low on Tuesday after Imperial Capital lowered their price target on the stock from $7.50 to $7.00, Analyst RN reports. Imperial Capital currently has an in-line rating on the stock. Key Energy Services traded as low as $5.98 and last traded at $6.02, with a volume of 1,796,366 shares traded. The stock had previously closed at $6.09.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Zacks downgraded shares of Key Energy Services from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 7th. They now have a $5.90 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.08.

The stock’s 50-day moving average is $7.64 and its 200-day moving average is $8.36. The company’s market cap is $928.1 million.

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

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