Key Energy Services, Inc. (NYSE:KEG) has been given a $27.00 target price by stock analysts at Piper Jaffray Companies in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the oil and gas company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 93.55% from the company’s previous close.

A number of other equities analysts also recently weighed in on KEG. Nomura started coverage on shares of Key Energy Services in a report on Wednesday, April 19th. They issued a “neutral” rating and a $27.00 price target on the stock. Instinet reissued a “neutral” rating and issued a $27.00 price target on shares of Key Energy Services in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Key Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Finally, Seaport Global Securities downgraded shares of Key Energy Services from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $26.00 to $19.00 in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Key Energy Services has a consensus rating of “Buy” and a consensus price target of $22.80.

Key Energy Services (KEG) opened at 13.95 on Wednesday. Key Energy Services has a 12 month low of $8.00 and a 12 month high of $38.00. The stock has a 50 day moving average of $18.44 and a 200 day moving average of $23.31. The company has a market capitalization of $280.34 million and a price-to-earnings ratio of 2.69.

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Large investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC acquired a new stake in Key Energy Services during the first quarter valued at approximately $4,519,000. Henderson Group PLC acquired a new stake in Key Energy Services during the first quarter valued at approximately $588,000. Dialectic Capital Management LP increased its stake in Key Energy Services by 183.0% in the first quarter. Dialectic Capital Management LP now owns 55,268 shares of the oil and gas company’s stock valued at $1,283,000 after buying an additional 35,737 shares during the period. Point72 Asset Management L.P. increased its stake in 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 valued at $2,062,000 after buying an additional 25,209 shares during the period. Finally, Sei Investments Co. acquired a new stake in Key Energy Services during the first quarter valued at approximately $324,000. 46.03% of the stock is currently owned by institutional investors and hedge funds.

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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