FBR Capital Lowers Price Target on Key Energy (KEG)

By admin | 6 years ago

FBR Capital (NASDAQ: FBCM) decreased their price target on shares of Key Energy (NYSE: KEG) from $21.00 to $18.00 in a research note issued on Monday. The firm currently has an “outperform” rating on the stock.

A number of other firms have also recently commented on KEG. 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. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Key Energy from $17.00 to $19.00 in a research note to investors on Tuesday, February 21st. They now have an “equal weight” rating on the stock. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Key Energy from $15.00 to $18.00 in a research note to investors on Tuesday, February 21st. They now have a “sector perform” rating on the stock.

Key Energy opened at 12.66 on Monday. Key Energy has a 1-year low of $8.27 and a 1-year high of $20.77. The company has a market cap of $1.916 billion and a price-to-earnings ratio of 18.35.

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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