Piper Jaffray Companies reaffirmed their buy rating on shares of Key Energy Services, Inc. (NYSE:KEG) in a report released on Tuesday morning. The brokerage currently has a $17.00 price target on the oil and gas company’s stock.

KEG has been the topic of several other research reports. Seaport Global Securities lowered shares of Key Energy Services from a buy rating to a neutral rating and dropped their price objective for the stock from $26.00 to $19.00 in a research note on Wednesday, June 21st. Evercore ISI reissued an in-line rating and set a $11.00 price objective on shares of Key Energy Services in a research note on Tuesday, September 5th. Nomura set a $17.00 price objective on shares of Key Energy Services and gave the stock a hold rating in a research note on Friday, August 11th. Finally, Zacks Investment Research raised shares of Key Energy Services from a sell rating to a buy rating and set a $22.00 price objective on the stock in a research note on Wednesday, July 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Key Energy Services has a consensus rating of Hold and an average target price of $18.17.

Shares of Key Energy Services (NYSE KEG) opened at 12.89 on Tuesday. The company has a 50 day moving average of $13.48 and a 200-day moving average of $19.19. The firm has a market cap of $259.13 million and a price-to-earnings ratio of 2.49. Key Energy Services has a 12-month low of $8.00 and a 12-month high of $38.00.

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A number of institutional investors have recently modified their holdings of the business. Fine Capital Partners L.P. raised its holdings in Key Energy Services by 179.6% in the second quarter. Fine Capital Partners L.P. now owns 629,546 shares of the oil and gas company’s stock worth $12,112,000 after buying an additional 404,361 shares during the last quarter. Vanguard Group Inc. raised its holdings in Key Energy Services by 20.2% in the second quarter. Vanguard Group Inc. now owns 291,977 shares of the oil and gas company’s stock worth $5,618,000 after buying an additional 49,002 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Key Energy Services by 26.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 245,250 shares of the oil and gas company’s stock worth $4,719,000 after buying an additional 50,650 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in Key Energy Services by 18.6% in the second quarter. Balyasny Asset Management LLC now owns 227,534 shares of the oil and gas company’s stock worth $4,378,000 after buying an additional 35,762 shares during the last quarter. Finally, State Street Corp purchased a new position in Key Energy Services in the second quarter worth about $2,174,000. 50.19% of the stock is owned by institutional investors and hedge funds.

Key Energy Services Company Profile

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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