Deutsche Bank assumed coverage on shares of Key Energy Services (NYSE:KEG) in a research note released on Friday morning, MarketBeat reports. The firm issued a hold rating and a $17.00 price objective on the oil and gas company’s stock.
Other equities analysts have also recently issued reports about the company. Seaport Global Securities upgraded Key Energy Services from a neutral rating to a buy rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded Key Energy Services from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Saturday, March 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.00.
Key Energy Services stock opened at $12.66 on Friday. The firm has a market capitalization of $273.34, a price-to-earnings ratio of -2.11 and a beta of 3.06. Key Energy Services has a twelve month low of $8.20 and a twelve month high of $25.63.
In related news, SVP Katherine Hargis sold 6,092 shares of the 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 owns 37,381 shares of the company’s stock, valued at approximately $560,715. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David J. Brunnert sold 2,868 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $15.00, for a total value of $43,020.00. Following the transaction, the chief operating officer now directly owns 70,042 shares in the company, valued at approximately $1,050,630. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,888 shares of company stock valued at $199,245.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Key Energy Services by 4.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,012,009 shares of the oil and gas company’s stock worth $11,932,000 after acquiring an additional 44,139 shares in the last quarter. Deutsche Bank AG lifted its stake in Key Energy Services by 149.4% during the 4th quarter. Deutsche Bank AG now owns 24,319 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 14,567 shares in the last quarter. Gardner Lewis Asset Management L P lifted its stake in Key Energy Services by 127.4% during the 4th quarter. Gardner Lewis Asset Management L P now owns 68,229 shares of the oil and gas company’s stock worth $804,000 after acquiring an additional 38,230 shares in the last quarter. Fine Capital Partners L.P. lifted its stake in Key Energy Services by 13.8% during the 4th quarter. Fine Capital Partners L.P. now owns 1,142,995 shares of the oil and gas company’s stock worth $13,476,000 after acquiring an additional 138,957 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Key Energy Services by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 84,978 shares of the oil and gas company’s stock worth $1,001,000 after acquiring an additional 9,447 shares in the last quarter. 48.24% 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.
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