Analysts Set Key Energy Services (KEG) Price Target at $17.80

Shares of Key Energy Services (NYSE:KEG) have earned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.80.

Several analysts have issued reports on the company. Deutsche Bank assumed coverage on Key Energy Services in a research note on Friday, March 16th. They issued a “hold” rating and a $17.00 target price for the company. Seaport Global Securities raised Key Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. ValuEngine raised Key Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Piper Jaffray set a $17.00 target price on Key Energy Services and gave the stock a “buy” rating in a research note on Sunday, April 1st. Finally, Zacks Investment Research raised Key Energy Services from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Saturday, March 3rd.

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Shares of KEG stock traded up $1.30 during trading on Thursday, hitting $13.30. The company had a trading volume of 92,422 shares, compared to its average volume of 122,628. The stock has a market cap of $240.39, a price-to-earnings ratio of -2.03 and a beta of 2.80. Key Energy Services has a 52 week low of $8.20 and a 52 week high of $25.36.



Key Energy Services (NYSE:KEG) last issued its earnings results on Monday, February 26th. The oil and gas company reported ($1.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.33) by ($0.01). The business had revenue of $116.28 million during the quarter, compared to analyst estimates of $112.90 million. equities analysts anticipate that Key Energy Services will post -3.07 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of Key Energy Services by 4.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,012,009 shares of the oil and gas company’s stock valued at $11,932,000 after purchasing an additional 44,139 shares during the period. Deutsche Bank AG boosted its stake in shares of Key Energy Services by 149.4% during the fourth quarter. Deutsche Bank AG now owns 24,319 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 14,567 shares during the period. Gardner Lewis Asset Management L P boosted its stake in shares of Key Energy Services by 127.4% during the fourth quarter. Gardner Lewis Asset Management L P now owns 68,229 shares of the oil and gas company’s stock valued at $804,000 after purchasing an additional 38,230 shares during the period. Fine Capital Partners L.P. boosted its stake in shares of Key Energy Services by 13.8% during the fourth quarter. Fine Capital Partners L.P. now owns 1,142,995 shares of the oil and gas company’s stock valued at $13,476,000 after purchasing an additional 138,957 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Key Energy Services by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 84,978 shares of the oil and gas company’s stock valued at $1,001,000 after purchasing an additional 9,447 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

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Key Energy Services Company Profile

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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