Press coverage about Key Energy Services (NYSE:KEG) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Key Energy Services earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 48.6446521456074 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Key Energy Services (KEG) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Key Energy Services (KEG) to Post Q1 2018 Earnings of ($1.45) Per Share, Piper Jaffray Forecasts (americanbankingnews.com)
- Zacks: Analysts Expect Key Energy Services (KEG) Will Post Quarterly Sales of $117.36 Million (americanbankingnews.com)
- Contrasting Key Energy Services (KEG) and The Competition (americanbankingnews.com)
- Key Energy Services (KEG) and Its Rivals Head-To-Head Analysis (americanbankingnews.com)
A number of analysts recently issued reports on KEG shares. Seaport Global Securities upgraded shares of Key Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Key Energy Services from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Saturday, March 3rd. Deutsche Bank started coverage on shares of Key Energy Services in a report on Friday, March 16th. They set a “hold” rating and a $17.00 price objective for the company. ValuEngine upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a report on Monday. Finally, Piper Jaffray set a $17.00 price objective on shares of Key Energy Services and gave the stock a “buy” rating in a report on Sunday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.00.
Key Energy Services (NYSE:KEG) last posted its earnings results on Monday, February 26th. The oil and gas company reported ($1.34) earnings per share for the quarter, missing the consensus estimate of ($1.33) by ($0.01). The firm had revenue of $116.28 million for the quarter, compared to analysts’ expectations of $112.90 million. research analysts expect that Key Energy Services will post -3.07 earnings per share for the current year.
In other news, SVP Katherine Hargis sold 6,092 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $15.00, for a total value of $91,380.00. Following the completion of the transaction, the senior vice president now directly owns 37,381 shares in the company, valued at $560,715. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David J. Brunnert sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $15.00, for a total transaction of $43,020.00. Following the completion of the transaction, the chief operating officer now owns 70,042 shares of the company’s stock, valued at $1,050,630. The disclosure for this sale can be found here. Insiders sold 9,497 shares of company stock valued at $142,385 in the last quarter. Corporate insiders own 3.96% of the company’s stock.
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.
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