Key Energy Services (KEG) Getting Somewhat Favorable Media Coverage, Analysis Finds
Headlines about Key Energy Services (NYSE:KEG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Key Energy Services earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.1656539510894 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Key Energy Services (NYSE KEG) opened at 13.17 on Friday. The stock’s 50 day moving average price is $13.48 and its 200-day moving average price is $19.19. Key Energy Services has a one year low of $8.00 and a one year high of $38.00. The firm has a market capitalization of $264.76 million and a price-to-earnings ratio of 2.54.
Several brokerages have weighed in on KEG. Nomura set a $17.00 target price on Key Energy Services and gave the stock a “hold” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $27.00 target price on Key Energy Services and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Key Energy Services from a “buy” rating to a “sell” rating in a research report on Tuesday, August 15th. Johnson Rice began coverage on Key Energy Services in a research report on Thursday, September 21st. They issued an “accumulate” rating on the stock. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $11.00 target price on shares of Key Energy Services in a research report on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.17.
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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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