Key Energy Services, Inc. (NYSE:KEG) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $11.73 and last traded at $11.72, with a volume of 36,216 shares traded. The stock had previously closed at $12.00.

Several research analysts have recently commented on KEG shares. Piper Jaffray Companies set a $27.00 price objective on Key Energy Services and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Evercore ISI started coverage on Key Energy Services in a research note on Tuesday, September 5th. They issued an “in-line” rating on the stock. Zacks Investment Research downgraded Key Energy Services from a “buy” rating to a “sell” rating in a research note on Tuesday, August 15th. Johnson Rice assumed coverage on Key Energy Services in a research note on Thursday, September 21st. They issued an “accumulate” rating on the stock. Finally, Nomura set a $17.00 target price on Key Energy Services and gave the company a “hold” rating in a research note on Friday, August 11th. 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 an average price target of $18.17.

The firm has a market cap of $222.74 million and a P/E ratio of 2.14. The stock’s 50 day moving average is $12.79 and its 200 day moving average is $17.48.

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

TRADEMARK VIOLATION NOTICE: “Key Energy Services, Inc. (KEG) Sets New 52-Week Low at $11.73” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/10/20/key-energy-services-inc-keg-sets-new-52-week-low-at-11-73.html.

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.

Receive News & Ratings for Key Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.