Canaccord Genuity Maintains a 'Buy' on Key Energy Services (KEG); Raising Numbers Ahead of Q4
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Price: $0.27 --0%
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Key Energy Services (NYSE: KEG) price target raised to $19.00.
Analyst, Scott Burk, said, "Q4 operating stats for KEG's competitors (Forbes (NYSE: FES) and Basic Energy (NYSE: BAS)) imply upside to our previous Q4 estimates. We are raising Q4 estimates and our price target to $19 based on 5.5x 2012E EBITDA (4.7x 2013E EBITDA)."
For an analyst ratings summary and ratings history on Key Energy Services click here. For more ratings news on Key Energy Services click here.
Shares of Key Energy Services closed at $14.84 yesterday.
Analyst, Scott Burk, said, "Q4 operating stats for KEG's competitors (Forbes (NYSE: FES) and Basic Energy (NYSE: BAS)) imply upside to our previous Q4 estimates. We are raising Q4 estimates and our price target to $19 based on 5.5x 2012E EBITDA (4.7x 2013E EBITDA)."
For an analyst ratings summary and ratings history on Key Energy Services click here. For more ratings news on Key Energy Services click here.
Shares of Key Energy Services closed at $14.84 yesterday.
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