Barclays Maintains an 'Equalweight' on Key Energy Services (KEG); Near-Term Issues Offset By International Improvement
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Price: $0.27 --0%
Rating Summary:
9 Buy, 12 Hold, 1 Sell
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Key Energy Services (NYSE: KEG) price target lowered from $19 to $18.
Analyst, James C. West, thinks KEG is well positioned for upward push in international exploration and production, however that positive is offset by near-term challenges in the U.S. basins, such as Haynesville and Marcellus. West cuts FY12 EPS estimate from $1.60 to $1.40 and FY13 form $2.20 to $2.05).
Also of note - Labor shortages hurt KEG's coiled tubing business, negatively impacting Q1. However, Barclays feels that recent steps have been made to slightly help improve Q2 results.
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 $12.58 yesterday.
Analyst, James C. West, thinks KEG is well positioned for upward push in international exploration and production, however that positive is offset by near-term challenges in the U.S. basins, such as Haynesville and Marcellus. West cuts FY12 EPS estimate from $1.60 to $1.40 and FY13 form $2.20 to $2.05).
Also of note - Labor shortages hurt KEG's coiled tubing business, negatively impacting Q1. However, Barclays feels that recent steps have been made to slightly help improve Q2 results.
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 $12.58 yesterday.
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