Key Energy Services (NYSE:KEG) SVP Kimberly Frye sold 25,000 shares of Key Energy Services stock on the open market in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $6.23, for a total transaction of $155,750.00. Following the completion of the sale, the senior vice president now directly owns 254,121 shares of the company?s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
KEG has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Key Energy Services from $8.00 to $9.00 in a research note to investors on Tuesday. They now have a ?buy? rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Key Energy Services from $9.00 to $10.00 in a research note to investors on Monday, July 29th. They now have a ?buy? rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Key Energy Services from $6.00 to $7.25 in a research note to investors on Monday, July 29th. They now have a ?neutral? rating on the stock.
Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Key Energy Services has an average rating of ?Hold? and a consensus price target of $8.78.
Key Energy Services (NYSE:KEG) opened at 6.34 on Friday. Key Energy Services has a 1-year low of $5.61 and a 1-year high of $9.57. The stock?s 50-day moving average is currently $6.34. The company?s market cap is $966.1 million.
Key Energy Services (NYSE:KEG) last announced its earnings results on Thursday, July 25th. The company reported $0.01 earnings per share for the quarter, meeting the analysts? consensus estimate of $0.01. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $421.24 million. During the same quarter last year, the company posted $0.21 earnings per share. Key Energy Services?s revenue was down 20.3% compared to the same quarter last year. Analysts expect that Key Energy Services will post $0.11 EPS for the current fiscal year.
Key Energy Services, Inc (NYSE:KEG) is an onshore, rig-based well servicing contractor.
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