Analysts at Johnson Rice assumed coverage on shares of Key Energy Services, Inc. (NYSE:KEG) in a report issued on Thursday. The brokerage set an “accumulate” rating on the oil and gas company’s stock.

Several other analysts also recently issued reports on KEG. Seaport Global Securities downgraded shares of Key Energy Services from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $19.00 in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, July 12th. Piper Jaffray Companies set a $27.00 price objective on shares of Key Energy Services and gave the company a “buy” rating in a research report on Wednesday, August 9th. Nomura set a $17.00 price objective on shares of Key Energy Services and gave the company a “hold” rating in a research report on Friday, August 11th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $11.00 price objective on shares of Key Energy Services in a research report on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Key Energy Services presently has an average rating of “Hold” and a consensus price target of $18.17.

Key Energy Services (NYSE:KEG) opened at 12.89 on Thursday. The firm’s 50-day moving average is $13.48 and its 200 day moving average is $19.19. Key Energy Services has a 12-month low of $8.00 and a 12-month high of $38.00. The firm has a market cap of $259.13 million and a PE ratio of 2.49.

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Hedge funds have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Key Energy Services during the first quarter worth approximately $4,519,000. Henderson Group PLC acquired a new stake in shares of Key Energy Services during the first quarter worth approximately $588,000. Dialectic Capital Management LP grew its position in shares of Key Energy Services by 183.0% during the first quarter. Dialectic Capital Management LP now owns 55,268 shares of the oil and gas company’s stock worth $1,283,000 after buying an additional 35,737 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Key Energy Services by 39.6% during the first quarter. Point72 Asset Management L.P. now owns 88,792 shares of the oil and gas company’s stock worth $2,062,000 after buying an additional 25,209 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of Key Energy Services during the first quarter worth approximately $324,000. 50.19% of the stock is owned by institutional investors and hedge funds.

About Key Energy Services

Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.

Analyst Recommendations for Key Energy Services (NYSE:KEG)

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