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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEG. Nationwide Fund Advisors acquired a new position in Key Energy Services during the 2nd quarter valued at about $108,000. The Manufacturers Life Insurance Company lifted its stake in Key Energy Services by 46,163.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 10,156 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Key Energy Services during the 2nd quarter worth about $212,000. Rhumbline Advisers purchased a new position in Key Energy Services in the second quarter valued at approximately $253,000. Finally, Swiss National Bank purchased a new stake in shares of Key Energy Services during the second quarter worth $258,000. 49.21% of the stock is currently owned by institutional investors.

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.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/key-energy-services-inc-keg-receives-consensus-rating-of-hold-from-brokerages.html.

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)

Receive News & Ratings for Key Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.