Key Energy Services (NYSE:KEG) was downgraded by Global Hunter Securities from a “buy” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Key Energy Services (NYSE:KEG) opened at 8.88 on Monday. Key Energy Services has a 52-week low of $5.61 and a 52-week high of $9.55. The stock’s 50-day moving average is $7.68 and its 200-day moving average is $6.85. The company has a market cap of $1.353 billion and a P/E ratio of 317.14.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group upgraded shares of Key Energy Services to a “buy” rating in a research note to investors on Friday, November 8th. Finally, analysts at Cowen and Company raised their price target on shares of Key Energy Services from $8.00 to $9.00 in a research note to investors on Monday, November 4th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Key Energy Services presently has a consensus rating of “Hold” and an average target price of $9.38.
In other Key Energy Services news, Director Kevin P. Collins unloaded 10,500 shares of Key Energy Services stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $8.26, for a total transaction of $86,730.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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