Somewhat Positive Media Coverage Somewhat Unlikely to Impact Key Energy Services (KEG) Share Price

News stories about Key Energy Services (NYSE:KEG) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Key Energy Services earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 44.2357165400599 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several equities analysts have recently weighed in on KEG shares. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Johnson Rice started coverage on shares of Key Energy Services in a research report on Thursday, September 21st. They issued an “accumulate” rating on the stock. Seaport Global Securities raised shares of Key Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price objective on shares of Key Energy Services in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.17.

Key Energy Services (NYSE KEG) opened at $17.33 on Friday. Key Energy Services has a 1 year low of $8.20 and a 1 year high of $37.42.

In related news, COO David J. Brunnert sold 2,868 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $15.00, for a total transaction of $43,020.00. Following the transaction, the chief operating officer now directly owns 70,042 shares of the company’s stock, valued at $1,050,630. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Katherine Hargis sold 6,092 shares of the firm’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 transaction, the senior vice president now directly owns 37,381 shares in the company, valued at $560,715. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,888 shares of company stock worth $199,245. 3.96% of the stock is owned by insiders.

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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.

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

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