Key Energy Services (KEG) Getting Somewhat Positive Press Coverage, Analysis Shows
News articles about Key Energy Services (NYSE:KEG) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Key Energy Services earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 47.3463686867247 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Key Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Seaport Global Securities downgraded shares of Key Energy Services from a “buy” rating to a “neutral” rating and cut their price target for the stock from $26.00 to $19.00 in a report on Wednesday, June 21st. Nomura set a $17.00 price target on shares of Key Energy Services and gave the stock a “hold” rating in a report on Friday, August 11th. Instinet reiterated a “neutral” rating and issued a $23.00 price target (down previously from $27.00) on shares of Key Energy Services in a report on Monday, May 15th. Finally, Piper Jaffray Companies set a $27.00 price target on shares of Key Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Key Energy Services currently has an average rating of “Hold” and a consensus price target of $21.60.
Shares of Key Energy Services (NYSE KEG) opened at 12.73 on Friday. Key Energy Services has a 52 week low of $12.20 and a 52 week high of $38.00. The firm has a market cap of $255.91 million and a PE ratio of 2.46. The stock’s 50 day moving average is $15.91 and its 200-day moving average is $21.05.
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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.
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