In a report issued on August 13, John Daniel from Piper Jaffray reiterated a Buy rating on Key Energy Services (NYSE: KEG), with a price target of $23. The company’s shares opened today at $13.45.
According to TipRanks.com, Daniel is a 1-star analyst with an average return of -0.3% and a 36.5% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and C&J Energy Services Inc.
Key Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of $23.
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Based on Key Energy Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $16.9 million. In comparison, last year the company had a GAAP net loss of $13.18 million.
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Key Energy Services, Inc. engages in onshore energy production services. It operates through the following segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, International, and Functional Support.
