Key Energy Services, Inc. (NYSE:KEG) SVP Scott P. Miller sold 1,211 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $13.26, for a total value of $16,057.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Key Energy Services, Inc. (NYSE KEG) traded down 2.31% during midday trading on Wednesday, reaching $12.70. The company’s stock had a trading volume of 132,840 shares. The stock has a market capitalization of $255.22 million and a PE ratio of 2.45. The firm’s 50-day moving average price is $17.72 and its 200-day moving average price is $22.56. Key Energy Services, Inc. has a 52 week low of $12.20 and a 52 week high of $38.00.

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Several research firms recently commented on KEG. Zacks Investment Research cut Key Energy Services from a “buy” rating to a “sell” rating in a report on Tuesday. Nomura set a $17.00 price target on Key Energy Services and gave the company a “hold” rating in a report on Friday, August 11th. Piper Jaffray Companies set a $27.00 target price on Key Energy Services and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Seaport Global Securities cut Key Energy Services from a “buy” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $19.00 in a research note on Wednesday, June 21st. Finally, Instinet reissued a “neutral” rating and set a $23.00 target price (down previously from $27.00) on shares of Key Energy Services in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.60.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. increased its position in shares of Key Energy Services by 39.6% in the first quarter. Point72 Asset Management L.P. now owns 88,792 shares of the oil and gas company’s stock valued at $2,062,000 after buying an additional 25,209 shares during the period. RBF Capital LLC increased its position in shares of Key Energy Services by 303.2% in the first quarter. RBF Capital LLC now owns 89,607 shares of the oil and gas company’s stock valued at $2,081,000 after buying an additional 67,385 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Key Energy Services during the first quarter valued at $265,000. York Capital Management Global Advisors LLC acquired a new position in shares of Key Energy Services during the first quarter valued at $1,161,000. Finally, GeoSphere Capital Management increased its position in shares of Key Energy Services by 505.6% in the first quarter. GeoSphere Capital Management now owns 25,000 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 20,872 shares during the period. Institutional investors own 46.33% of the company’s stock.

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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