Buy - Price 6.46 on Sept. 15
by Pritchard Capital Partners
Raising price target to 11, from 9, on our increasingly constructive view of natural-gas prices. We have high conviction in our 2010 EPS estimate ...[of] 38 cents ...an outlier versus consensus of 6 cents...and [we] believe upward revisions to the consensus forecast will be a catalyst for shares....We believe that just as consensus didn't cut KEG estimates enough as its activity declined, the Street is failing to give the company enough credit as its activity improves....KEG has an oil-gas mix of 70%-30%, but part of the lower natural-gas concentration is a result of the currently depressed natural-gas market. Market cap: $1.1 billion.

From a recent Mad Money show: "It's a cheap stock, but I'd rather see you in ConocoPhillips (COP). You'll do better there."

Oil field services provider, Key Energy Services Inc., said last week its board of directors approved the repurchase of up to $300 million shares of outstanding stock.

Based on a price of $14, Key Energy Services could buy back about 20.5 million, or 15 percent, of outstanding shares.

The stock has a forward PE of 8x.