Key Energy Services, Inc. (NYSE:KEG) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.00.

Several brokerages have recently commented on KEG. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, July 12th. Seaport Global Securities cut shares of Key Energy Services from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $19.00 in a report on Wednesday, June 21st. Piper Jaffray Companies set a $27.00 target price on shares of Key Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 9th. Nomura set a $17.00 target price on shares of Key Energy Services and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $11.00 target price on shares of Key Energy Services in a report on Tuesday, September 5th.

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A number of large investors have recently made changes to their positions in the stock. Fine Capital Partners L.P. increased its stake in Key Energy Services by 179.6% in the second quarter. Fine Capital Partners L.P. now owns 629,546 shares of the oil and gas company’s stock valued at $12,112,000 after acquiring an additional 404,361 shares during the last quarter. Vanguard Group Inc. increased its stake in Key Energy Services by 20.2% in the second quarter. Vanguard Group Inc. now owns 291,977 shares of the oil and gas company’s stock valued at $5,618,000 after acquiring an additional 49,002 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Key Energy Services by 26.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 245,250 shares of the oil and gas company’s stock valued at $4,719,000 after acquiring an additional 50,650 shares during the last quarter. Balyasny Asset Management LLC increased its stake in Key Energy Services by 18.6% in the second quarter. Balyasny Asset Management LLC now owns 227,534 shares of the oil and gas company’s stock valued at $4,378,000 after acquiring an additional 35,762 shares during the last quarter. Finally, State Street Corp bought a new position in Key Energy Services in the second quarter valued at approximately $2,174,000. 50.19% of the stock is currently owned by institutional investors and hedge funds.

Key Energy Services (NYSE:KEG) traded down 2.66% during midday trading on Thursday, hitting $12.81. The stock had a trading volume of 57,210 shares. The company’s 50 day moving average is $12.99 and its 200 day moving average is $17.91. The company has a market cap of $257.52 million and a price-to-earnings ratio of 2.47. Key Energy Services has a 1-year low of $11.78 and a 1-year high of $38.00.

About Key Energy Services

Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.

Analyst Recommendations for Key Energy Services (NYSE:KEG)

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