Equities research analysts at Global Hunter Securities raised their price objective on shares of Key Energy Services (NYSE:KEG) from $6.00 to $7.25 in a research note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price target indicates a potential upside of 13.81% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated a “hold” rating on shares of Key Energy Services in a research note to investors on Thursday, June 27th. They now have a $7.00 price target on the stock. Separately, analysts at SunTrust cut their price target on shares of Key Energy Services from $13.00 to $9.00 in a research note to investors on Thursday, June 27th. They now have a “buy” rating on the stock.
Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.89.
Key Energy Services (NYSE: KEG) traded down 2.51% on Monday, hitting $6.21. Key Energy Services has a 52-week low of $5.61 and a 52-week high of $9.57. The stock’s 50-day moving average is currently $6.32. The company’s market cap is $946.3 million.
Key Energy Services (NYSE:KEG) last announced its earnings results on Thursday, July 25th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $421.24 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, analysts predict that Key Energy Services will post $0.16 earnings per share for the current fiscal year.
Key Energy Services, Inc (NYSE: KEG) is an onshore, rig-based well servicing contractor.
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