MLV Capital upgraded shares of Key Energy (NYSE: KEG) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The firm currently has $12.00 target price on the stock, up from their previous target price of $7.00.
KEG has been the subject of a number of other recent research reports. Analysts at Wells Fargo downgraded shares of Key Energy from an outperform rating to a market perform rating in a research note to investors on Tuesday. Separately, analysts at Wunderlich raised their price target on shares of Key Energy from $7.00 to $9.00 in a research note to investors on Tuesday. They now have a hold rating on the stock. Finally, analysts at FBR Capital raised their price target on shares of Key Energy from $8.00 to $10.00 in a research note to investors on Tuesday. They now have a market perform rating on the stock.
Four investment analysts have rated the stock with a buy rating, two have issued an overweight rating, and fifteen have assigned a hold rating to the company’s stock. The stock presently has an average rating of hold and a consensus price target of $10.40.
Shares of Key Energy traded down 4.75% during mid-day trading on Tuesday, hitting $8.315. Key Energy has a 52 week low of $5.70 and a 52 week high of $18.18. The stock’s 50-day moving average is currently $8.12. The company has a market cap of $1.256 billion and a P/E ratio of 174.60.
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