Key Energy Services, Inc. (KEG) VP Sells $14,641.50 in Stock

Key Energy Services, Inc. (NYSE:KEG) VP Eddie V. Picard sold 1,075 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $13.62, for a total value of $14,641.50. Following the completion of the sale, the vice president now directly owns 9,961 shares in the company, valued at $135,668.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Key Energy Services, Inc. (NYSE:KEG) traded up $1.22 during trading hours on Thursday, hitting $17.34. The stock had a trading volume of 234,901 shares, compared to its average volume of 198,038. Key Energy Services, Inc. has a 1 year low of $8.20 and a 1 year high of $38.00.

Several research firms have commented on KEG. Zacks Investment Research downgraded Key Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday. Johnson Rice began coverage on Key Energy Services in a report on Thursday, September 21st. They issued an “accumulate” rating on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 target price on shares of Key Energy Services in a report on Tuesday, September 19th. Finally, Seaport Global Securities raised Key Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. 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. The company presently has an average rating of “Hold” and an average target price of $18.17.

Several large investors have recently made changes to their positions in KEG. Fine Capital Partners L.P. lifted its holdings in shares of Key Energy Services by 179.6% during 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 purchasing an additional 404,361 shares in the last quarter. Boston Partners purchased a new stake in Key Energy Services during the third quarter valued at $2,242,000. State Street Corp purchased a new stake in Key Energy Services during the second quarter valued at $2,174,000. Akanthos Capital Management LLC purchased a new stake in Key Energy Services during the third quarter valued at $1,317,000. Finally, Northern Trust Corp purchased a new stake in Key Energy Services during the second quarter valued at $1,723,000. 49.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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