Key Energy Services, Inc. (NYSE:KEG) SVP Scott P. Miller sold 1,211 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $13.26, for a total transaction of $16,057.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Key Energy Services, Inc. (NYSE KEG) traded up 2.00% during mid-day trading on Friday, reaching $12.73. The company had a trading volume of 41,455 shares. The firm has a market capitalization of $255.91 million and a P/E ratio of 2.46. Key Energy Services, Inc. has a one year low of $12.20 and a one year high of $38.00. The firm’s 50-day moving average is $17.53 and its 200-day moving average is $22.49.
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A number of institutional investors have recently modified their holdings of KEG. Fine Capital Partners L.P. raised its position in shares of Key Energy Services by 179.6% in the second quarter. Fine Capital Partners L.P. now owns 629,546 shares of the oil and gas company’s stock valued at $12,112,000 after buying an additional 404,361 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Key Energy Services during the first quarter valued at about $4,519,000. State Street Corp acquired a new position in shares of Key Energy Services during the second quarter valued at about $2,174,000. Northern Trust Corp acquired a new position in shares of Key Energy Services during the second quarter valued at about $1,723,000. Finally, RBF Capital LLC raised its position in shares of Key Energy Services by 303.2% in the first quarter. RBF Capital LLC now owns 89,607 shares of the oil and gas company’s stock valued at $2,081,000 after buying an additional 67,385 shares during the period. 46.33% of the stock is currently owned by hedge funds and other institutional investors.
KEG has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Key Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Seaport Global Securities downgraded shares of Key Energy Services from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $19.00 in a research report on Wednesday, June 21st. Nomura set a $17.00 price target on shares of Key Energy Services and gave the company a “hold” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $27.00 price target on shares of Key Energy Services and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Instinet reiterated a “neutral” rating and issued a $23.00 price target (down from $27.00) on shares of Key Energy Services in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.60.
About Key Energy Services
Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.
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