Key Energy Services, Inc. (NYSE:KEG) Director Scott D. Vogel purchased 25,000 shares of Key Energy Services stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of $9.00 per share, for a total transaction of $225,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Key Energy Services, Inc. (NYSE:KEG) opened at $10.40 on Friday. Key Energy Services, Inc. has a 52 week low of $8.20 and a 52 week high of $38.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors purchased a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $108,000. The Manufacturers Life Insurance Company increased its position in shares of Key Energy Services by 46,163.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 10,156 shares during the last quarter. Kirr Marbach & Co. LLC IN purchased a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $198,000. New York State Common Retirement Fund purchased a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $212,000. Finally, Rhumbline Advisers purchased a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $253,000. 49.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on KEG. Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price target on shares of Key Energy Services in a research note on Tuesday, September 19th. Evercore ISI reissued an “in-line” rating and issued a $11.00 price target on shares of Key Energy Services in a research note on Tuesday, September 5th. Zacks Investment Research downgraded shares of Key Energy Services from a “buy” rating to a “sell” rating in a research note on Tuesday, August 15th. Nomura set a $17.00 target price on shares of Key Energy Services and gave the stock a “hold” rating in a research note on Friday, August 11th. Finally, Johnson Rice initiated coverage on shares of Key Energy Services in a research note on Thursday, September 21st. They set an “accumulate” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Key Energy Services currently has a consensus rating of “Hold” and an average price target of $18.17.
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Key Energy Services Company Profile
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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