ValuEngine upgraded shares of Key Energy Services (NYSE:KEG) from a sell rating to a hold rating in a research note published on Monday morning.
Several other research firms have also weighed in on KEG. Zacks Investment Research lowered Key Energy Services from a buy rating to a hold rating in a research note on Thursday, January 25th. Deutsche Bank began coverage on Key Energy Services in a report on Friday, March 16th. They set a hold rating and a $17.00 target price on the stock. Piper Jaffray set a $17.00 target price on Key Energy Services and gave the company a buy rating in a report on Sunday, April 1st. Finally, Seaport Global Securities upgraded Key Energy Services from a neutral rating to a buy rating in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $17.00.
NYSE KEG opened at $12.56 on Monday. Key Energy Services has a 1-year low of $8.20 and a 1-year high of $25.63.
In related news, COO David J. Brunnert sold 2,868 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 $43,020.00. Following the sale, the chief operating officer now directly owns 70,042 shares in the company, valued at approximately $1,050,630. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Katherine Hargis sold 6,092 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 value of $91,380.00. Following the sale, the senior vice president now owns 37,381 shares in the company, valued at $560,715. The disclosure for this sale can be found here. Company insiders own 3.96% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Fine Capital Partners L.P. increased its holdings 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 purchasing an additional 138,957 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 44,139 shares during the last quarter. Boston Partners increased its holdings in Key Energy Services by 26.4% during the 4th quarter. Boston Partners now owns 215,297 shares of the oil and gas company’s stock worth $2,538,000 after purchasing an additional 45,025 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Key Energy Services by 325.0% during the 4th quarter. Bank of New York Mellon Corp now owns 169,625 shares of the oil and gas company’s stock worth $2,000,000 after purchasing an additional 129,711 shares during the last quarter. Finally, State Street Corp purchased a new stake in Key Energy Services during the 2nd quarter worth approximately $2,174,000. Institutional investors own 48.24% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3334319/key-energy-services-keg-upgraded-to-hold-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Key Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.