Seeking Alpha

Key Energy +2.8% after upgrade

  • Key Energy Services (KEG) +2.8% premarket after Global Hunter upgrades shares to Buy from Neutral and raises its target price to $8.50 from $7.25.
  • The firm says it feels much more confident about the progression of margins at both the field and corporate level, and KEG's aggressive leaning out of the operation should lead to improved results in a flat operating environment and establish a solid base for incremental margins in excess of its peers.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs