Key Energy Services Receives Average Rating of “Hold” from Brokerages (NYSE:KEG)
Shares of Key Energy Services (NYSE:KEG) have earned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the stock, Analyst Ratings News reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.08.
Key Energy Services (NYSE:KEG) traded down 0.33% on Friday, hitting $6.10. 180,245 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’s 50-day moving average is $6.71 and its 200-day moving average is $8.23. The company’s market cap is $936.6 million.
A number of research firms have recently commented on KEG. Analysts at TheStreet downgraded shares of Key Energy Services to a “sell” rating in a research note on Monday, August 18th. Separately, 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. Finally, 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.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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