FBR Capital Reiterates an 'Outperform' on Key Energy Services (KEG); Building Momentum into the Summer, Pricing Gains Just Starting
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Price: $0.27 --0%
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital reiterates an 'Outperform' on Key Energy Services (NYSE: KEG), PT increased from $18 to $25.
FBR analyst says, "In our view, Key Energy is building momentum on the heels of a very solid first quarter with continued exposure to a positive macroeconomic environment and a meaningful effort to grow certain key businesses, such as its intervention services and international segments."
"We are raising our EPS estimates for both FY 2011 and FY 2012 to incorporate management's revised guidance and account for our increasingly optimistic outlook on Key's earnings power in this market. Our 2011 EPS estimate is now 0.80, up from $0.70, and our 2012 EPS estimate is $1.25, up from $1.05."
For more ratings news on Key Energy Services click here and for the rating history of Key Energy Services click here.
Shares of Key Energy Services closed at $16.27 yesterday.
FBR analyst says, "In our view, Key Energy is building momentum on the heels of a very solid first quarter with continued exposure to a positive macroeconomic environment and a meaningful effort to grow certain key businesses, such as its intervention services and international segments."
"We are raising our EPS estimates for both FY 2011 and FY 2012 to incorporate management's revised guidance and account for our increasingly optimistic outlook on Key's earnings power in this market. Our 2011 EPS estimate is now 0.80, up from $0.70, and our 2012 EPS estimate is $1.25, up from $1.05."
For more ratings news on Key Energy Services click here and for the rating history of Key Energy Services click here.
Shares of Key Energy Services closed at $16.27 yesterday.
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