Media headlines about Key Energy Services (NYSE:KEG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 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 daily sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.3463686867247 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Key Energy Services (KEG) traded down 2.85% during mid-day trading on Friday, reaching $11.92. The company’s stock had a trading volume of 386,171 shares. Key Energy Services has a one year low of $8.00 and a one year high of $38.00. The company has a market capitalization of $239.63 million and a price-to-earnings ratio of 2.30. The stock has a 50-day moving average price of $13.87 and a 200-day moving average price of $19.59.
KEG has been the subject of several recent analyst reports. Seaport Global Securities cut Key Energy Services from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $19.00 in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Key Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, July 12th. Evercore ISI initiated coverage on Key Energy Services in a research report on Tuesday, September 5th. They set an “in-line” rating for the company. Piper Jaffray Companies set a $27.00 price objective on Key Energy Services and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Nomura set a $17.00 price objective on Key Energy Services and gave the company a “hold” rating in a research report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Key Energy Services currently has a consensus rating of “Hold” and an average target price of $19.83.
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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