Key Energy Services (NYSE:KEG) was downgraded by investment analysts at Johnson Rice from an “accumulate” rating to a “hold” rating in a note issued to investors on Thursday, The Fly reports.
KEG has been the topic of a number of other research reports. Zacks Investment Research lowered Key Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. ValuEngine raised Key Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Seaport Global Securities set a $3.00 target price on Key Energy Services and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.44.
Shares of KEG stock traded down $0.05 during trading on Thursday, hitting $1.34. 71,485 shares of the stock traded hands, compared to its average volume of 212,087. The company has a market capitalization of $28.38 million, a price-to-earnings ratio of -0.30 and a beta of 3.98. The company has a debt-to-equity ratio of 10.51, a current ratio of 1.48 and a quick ratio of 1.32. The firm’s fifty day moving average price is $2.60. Key Energy Services has a 52-week low of $1.35 and a 52-week high of $14.49.
Large investors have recently bought and sold shares of the business. Two Sigma Advisers LP acquired a new position in shares of Key Energy Services in the fourth quarter worth $38,000. Boston Partners grew its stake in shares of Key Energy Services by 3.5% in the first quarter. Boston Partners now owns 215,873 shares of the oil and gas company’s stock worth $876,000 after acquiring an additional 7,240 shares in the last quarter. Rutabaga Capital Management LLC MA grew its stake in shares of Key Energy Services by 18.7% in the first quarter. Rutabaga Capital Management LLC MA now owns 2,393,202 shares of the oil and gas company’s stock worth $9,716,000 after acquiring an additional 377,176 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Key Energy Services by 1,188.3% in the fourth quarter. Deutsche Bank AG now owns 263,757 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 243,284 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Key Energy Services in the second quarter worth $46,000. Institutional investors and hedge funds own 47.90% of the company’s stock.
About Key Energy Services
Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. It operates through Rig Services, Fishing and Rental Services, Coiled Tubing Services, and Fluid Management Services segments. The Rig Services segment is involved in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance activities; and plugging and abandonment of wells at the end of their useful lives, as well as provision of specialty drilling services to oil and natural gas producers.
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