TheStreet Downgrades Key Energy Services to Sell (KEG)
Shares of Key Energy Services (NYSE:KEG) traded up 0.75% on Monday, hitting $6.055. 843,008 shares of the company’s stock traded hands. Key Energy Services has a 52-week low of $5.96 and a 52-week high of $10.52. The stock has a 50-day moving average of $7.33 and a 200-day moving average of $8.31. The company’s market cap is $929.7 million.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Key Energy Services in a research note on Monday, August 11th. They now have a $10.00 price target on the stock, up previously from $8.00. Separately, 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, August 11th. They now have an “in-line” rating on the stock. Finally, 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, August 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Key Energy Services currently has a consensus rating of “Hold” and a consensus price target of $9.08.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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