Shares of Key Energy Services, Inc. (NYSE:KEG) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.00.
A number of brokerages have weighed in on KEG. Zacks Investment Research cut shares of Key Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Seaport Global Securities raised shares of Key Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th.
In other news, SVP Katherine Hargis sold 6,092 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $15.00, for a total transaction of $91,380.00. Following the transaction, the senior vice president now directly owns 37,381 shares of the company’s stock, valued at $560,715. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO David J. Brunnert sold 2,868 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $15.00, for a total transaction of $43,020.00. Following the transaction, the chief operating officer now directly owns 70,042 shares in the company, valued at $1,050,630. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,888 shares of company stock worth $199,245.
Key Energy Services (KEG) opened at $12.11 on Wednesday. Key Energy Services has a 12-month low of $8.20 and a 12-month high of $34.00.
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.
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