Piper Jaffray Companies Analysts Give Key Energy Services, Inc. (KEG) a $27.00 Price Target

Piper Jaffray Companies set a $27.00 price objective on Key Energy Services, Inc. (NYSE:KEG) in a report released on Wednesday morning. The firm currently has a buy rating on the oil and gas company’s stock.

Several other equities research analysts have also recently commented on KEG. Nomura initiated coverage on shares of Key Energy Services in a research report on Wednesday, April 19th. They set a neutral rating and a $27.00 price target for the company. Instinet reiterated a neutral rating and set a $27.00 price target on shares of Key Energy Services in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Key Energy Services from a hold rating to a sell rating in a research report on Thursday, May 11th. Finally, Seaport Global Securities cut shares of Key Energy Services from a buy rating to a neutral rating and lowered their price target for the stock from $26.00 to $19.00 in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $21.60.

Key Energy Services (NYSE KEG) traded down 1.94% on Wednesday, hitting $13.12. 142,035 shares of the stock traded hands. The stock has a 50-day moving average price of $18.20 and a 200 day moving average price of $23.08. Key Energy Services has a 12-month low of $8.00 and a 12-month high of $38.00. The stock has a market cap of $263.66 million and a P/E ratio of 2.53.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of 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 worth $5,618,000 after buying an additional 49,002 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of 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 worth $4,719,000 after buying an additional 50,650 shares in the last quarter. RBF Capital LLC boosted its position in shares of Key Energy Services by 303.2% in the first quarter. RBF Capital LLC now owns 89,607 shares of the oil and gas company’s stock worth $2,081,000 after buying an additional 67,385 shares in the last quarter. Northern Trust Corp purchased a new position in shares of Key Energy Services during the second quarter worth about $1,723,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Key Energy Services by 39.6% in the first quarter. Point72 Asset Management L.P. now owns 88,792 shares of the oil and gas company’s stock worth $2,062,000 after buying an additional 25,209 shares in the last quarter. Hedge funds and other institutional investors own 46.03% of the company’s stock.

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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