Fmr LLC acquired a new stake in Key Energy Services, Inc. (NYSE:KEG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,797 shares of the oil and gas company’s stock, valued at approximately $804,000. Fmr LLC owned 0.21% of Key Energy Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Key Energy Services by 20.2% in the second quarter. Vanguard Group Inc. now owns 291,977 shares of the oil and gas company’s stock valued at $5,618,000 after purchasing an additional 49,002 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Key Energy Services by 26.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 245,250 shares of the oil and gas company’s stock valued at $4,719,000 after purchasing an additional 50,650 shares in the last quarter. Northern Trust Corp bought a new stake in Key Energy Services in the second quarter valued at approximately $1,723,000. Bank of New York Mellon Corp bought a new stake in Key Energy Services in the second quarter valued at approximately $654,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Key Energy Services in the second quarter valued at approximately $526,000. Institutional investors and hedge funds own 50.23% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Nomura set a $17.00 price objective on shares of Key Energy Services and gave the stock a “hold” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $27.00 price objective on shares of Key Energy Services and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Key Energy Services from a “buy” rating to a “sell” rating in a research report on Tuesday, August 15th. Johnson Rice assumed coverage on shares of Key Energy Services in a research report on Thursday, September 21st. They set an “accumulate” rating for the company. Finally, Evercore ISI reissued an “in-line” rating and set a $11.00 price objective on shares of Key Energy Services in a research report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.17.

Key Energy Services, Inc. (KEG) opened at $10.24 on Friday. Key Energy Services, Inc. has a 1-year low of $9.11 and a 1-year high of $38.00.

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Key Energy Services 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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Institutional Ownership by Quarter for Key Energy Services (NYSE:KEG)

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