Key Energy Services, Inc. (KEG) Receives Consensus Rating of “Hold” from Brokerages
Key Energy Services, Inc. (NYSE:KEG) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.00.
Several equities analysts have recently commented on the company. Johnson Rice assumed coverage on Key Energy Services in a research note on Thursday, September 21st. They set an “accumulate” rating for the company. Piper Jaffray Companies restated a “buy” rating and set a $17.00 price objective on shares of Key Energy Services in a research note on Tuesday, September 19th. Zacks Investment Research upgraded Key Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Nomura set a $17.00 price objective on Key Energy Services and gave the stock a “hold” rating in a research note on Friday, August 11th. Finally, Evercore ISI began coverage on Key Energy Services in a research report on Tuesday, September 5th. They issued an “in-line” rating on the stock.
In related news, Director Scott D. Vogel acquired 25,000 shares of the stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $9.00 per share, for a total transaction of $225,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Key Energy Services (NYSE:KEG) opened at $9.92 on Friday. Key Energy Services has a 1 year low of $8.20 and a 1 year high of $38.00.
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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.
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