Barclays Capital Reiterates Equal Weight on Key Energy (KEG)

By admin | 7 years ago

Key Energy (NYSE: KEG)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays Capital (NYSE: BCS) in a report released on Monday.

Shares of Key Energy traded up 3.40% during mid-day trading on Monday, hitting $13.09. Key Energy has a 52 week low of $8.27 and a 52 week high of $20.77. The company has a market cap of $1.978 billion and a P/E ratio of 15.27.

A number of other analysts have also recently weighed in on KEG. Analysts at Global Hunter Securities reiterated a “buy” rating on shares of Key Energy in a research note to investors on Monday. Separately, analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Key Energy from $21.00 to $18.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Howard Weil downgraded shares of Key Energy from a “focus stock” rating to an “outperform” rating in a research note to investors on Monday, April 2nd. They now have a $20.00 price target on the stock.

Key Energy Services, Inc. (Key) provides a range of services to oil companies, foreign national oil companies and independent oil and natural gas production companies, including rig-based well maintenance and workover services, well completion and recompletion services, fluid management services, pressure pumping services, fishing and rental services, wireline services and other ancillary oilfield services.

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