Zacks Investment Research upgraded shares of Key Energy Services, Inc. (NYSE:KEG) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The company’s services include drilling and workover rigs, coiled tubing, frac stack and well testing, fluid services, onshore and deepwater fishing and rental services. It operates primarily in United States, Mexico, Colombia, Ecuador, the Middle East and Russia. Key Energy Services, Inc. is headquatered in Houston, Texas. “

A number of other brokerages have also commented on KEG. Piper Jaffray Companies set a $27.00 price target on shares of Key Energy Services and gave the stock a buy rating in a report on Wednesday, August 9th. Nomura set a $17.00 price target on shares of Key Energy Services and gave the stock a hold rating in a report on Friday, August 11th. Evercore ISI began coverage on shares of Key Energy Services in a report on Tuesday, September 5th. They set an in-line rating on the stock. Finally, Johnson Rice began coverage on shares of Key Energy Services in a report on Thursday, September 21st. They set an accumulate rating on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $18.17.

Shares of Key Energy Services (NYSE KEG) opened at $10.14 on Wednesday. Key Energy Services has a twelve month low of $8.20 and a twelve month high of $38.00.

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In other Key Energy Services news, Director Scott D. Vogel bought 25,000 shares of Key Energy Services stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $9.00 per share, with a total value of $225,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.96% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in KEG. Kirr Marbach & Co. LLC IN purchased a new stake in Key Energy Services during the 2nd quarter valued at $198,000. Parkwood LLC boosted its position in Key Energy Services by 29.0% during the 2nd quarter. Parkwood LLC now owns 26,555 shares of the oil and gas company’s stock valued at $511,000 after buying an additional 5,965 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in Key Energy Services during the 2nd quarter valued at $339,000. Rhumbline Advisers purchased a new stake in Key Energy Services during the 2nd quarter valued at $253,000. Finally, Bank of New York Mellon Corp purchased a new stake in Key Energy Services during the 2nd quarter valued at $654,000. 50.97% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Key Energy Services (NYSE:KEG)

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