Insider Selling: Key Energy Services, Inc. (KEG) SVP Sells 6,092 Shares of Stock

Key Energy Services, Inc. (NYSE:KEG) SVP Katherine Hargis sold 6,092 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $15.00, for a total transaction of $91,380.00. Following the completion of the transaction, the senior vice president now directly owns 37,381 shares in the company, valued at $560,715. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Katherine Hargis also recently made the following trade(s):

  • On Friday, January 5th, Katherine Hargis sold 537 shares of Key Energy Services stock. The stock was sold at an average price of $14.87, for a total transaction of $7,985.19.
  • On Wednesday, December 27th, Katherine Hargis sold 537 shares of Key Energy Services stock. The stock was sold at an average price of $12.35, for a total transaction of $6,631.95.

Shares of Key Energy Services, Inc. (NYSE:KEG) opened at $16.12 on Thursday. Key Energy Services, Inc. has a 52-week low of $8.20 and a 52-week high of $38.00.

Several institutional investors and hedge funds have recently made changes to their positions in KEG. Nationwide Fund Advisors bought a new stake in shares of Key Energy Services during the second quarter valued at about $108,000. The Manufacturers Life Insurance Company increased its position in shares of Key Energy Services by 46,163.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 10,156 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Key Energy Services during the second quarter valued at about $212,000. Rhumbline Advisers bought a new stake in shares of Key Energy Services during the second quarter valued at about $253,000. Finally, Swiss National Bank bought a new stake in shares of Key Energy Services during the second quarter valued at about $258,000. Hedge funds and other institutional investors own 49.21% of the company’s stock.

A number of equities analysts recently weighed in on KEG shares. Zacks Investment Research downgraded shares of Key Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday. Seaport Global Securities raised shares of Key Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Johnson Rice assumed coverage on shares of Key Energy Services in a report on Thursday, September 21st. They set an “accumulate” rating on the stock. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price objective on shares of Key Energy Services in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.17.

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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.

Insider Buying and Selling by Quarter for Key Energy Services (NYSE:KEG)

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