News headlines about Key Energy Services (NYSE:KEG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Key Energy Services earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 44.6359740554109 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
KEG has been the subject of several analyst reports. Zacks Investment Research downgraded Key Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Seaport Global Securities raised Key Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.67.
Shares of Key Energy Services (NYSE KEG) traded up $0.32 during midday trading on Wednesday, hitting $12.43. The stock had a trading volume of 148,920 shares, compared to its average volume of 147,868. Key Energy Services has a fifty-two week low of $8.20 and a fifty-two week high of $34.00.
In other news, COO David J. Brunnert sold 2,868 shares of Key Energy Services stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $15.00, for a total transaction of $43,020.00. Following the sale, the chief operating officer now owns 70,042 shares of the company’s stock, valued at approximately $1,050,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine Hargis sold 6,092 shares of Key Energy Services stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $15.00, for a total value of $91,380.00. Following the sale, the senior vice president now directly owns 37,381 shares in the company, valued at approximately $560,715. The disclosure for this sale can be found here. Insiders sold a total of 13,888 shares of company stock worth $199,245 in the last ninety days.
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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.
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