Key Energy Services Gets a Hold Rating from Nomura

By Carrie Williams

In a report issued on May 15, Matthew Johnston from Nomura assigned a Hold rating to Key Energy Services (NYSE: KEG), with a price target of $23. The company’s shares closed yesterday at $20.25, close to its 52-week low of $20.

According to TipRanks.com, Johnston is a 3-star analyst with an average return of 3.1% and a 48.5% success rate. Johnston covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Parker Drilling Company.

Key Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of $28.33.

The company has a one year high of $38 and a one year low of $20. Currently, Key Energy Services has an average volume of 104.7K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.