Key Energy (NYSE: KEG) had its price objective lowered by Global Hunter Securities from $7.00 to $6.00 in a research report released on Tuesday morning, AnalystRatingsNetwork reports.
KEG has been the subject of a number of other recent research reports. Analysts at Barclays Capital cut their price target on shares of Key Energy from $8.00 to $7.00 in a research note to investors on Wednesday, May 22nd. They now have an equal weight rating on the stock. Separately, analysts at Wunderlich cut their price target on shares of Key Energy from $9.00 to $6.00 in a research note to investors on Tuesday, April 30th. They now have a hold rating on the stock.
Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $8.97.
Key Energy (NYSE: KEG) traded up 0.33% on Tuesday, hitting $6.02. Key Energy has a 52-week low of $5.61 and a 52-week high of $10.00. The stock’s 50-day moving average is currently $6.28. The company has a market cap of $916.9 million and a price-to-earnings ratio of 260.87.
Key Energy Services, Inc. (NYSE: KEG) provides a range of well services to major oil companies, foreign national oil companies and independent oil and natural gas production companies.