Key Energy Services (NYSE:KEG) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Zacks Investment Research lowered Key Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.00.

KEG traded up $0.19 during midday trading on Tuesday, reaching $13.55. 68,500 shares of the company’s stock traded hands, compared to its average volume of 101,806. The firm has a market capitalization of $270.47 million, a price-to-earnings ratio of -2.15 and a beta of 1.99. Key Energy Services has a 52 week low of $8.20 and a 52 week high of $18.40.

Key Energy Services (NYSE:KEG) last released its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.10). The business had revenue of $144.41 million during the quarter, compared to analyst estimates of $141.20 million. analysts anticipate that Key Energy Services will post -3.32 earnings per share for the current fiscal year.

In other news, SVP Scott P. Miller sold 8,606 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $12.93, for a total value of $111,275.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several large investors have recently made changes to their positions in KEG. Akanthos Capital Management LLC raised its position in shares of Key Energy Services by 1,400.0% in the 1st quarter. Akanthos Capital Management LLC now owns 1,500,000 shares of the oil and gas company’s stock worth $879,000 after acquiring an additional 1,400,000 shares in the last quarter. Rutabaga Capital Management LLC MA bought a new position in shares of Key Energy Services in the 2nd quarter worth approximately $15,492,000. Northern Trust Corp raised its position in shares of Key Energy Services by 332.3% in the 1st quarter. Northern Trust Corp now owns 463,012 shares of the oil and gas company’s stock worth $5,427,000 after acquiring an additional 355,919 shares in the last quarter. Boston Partners raised its position in shares of Key Energy Services by 111.7% in the 1st quarter. Boston Partners now owns 455,757 shares of the oil and gas company’s stock worth $5,341,000 after acquiring an additional 240,460 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Key Energy Services by 646.1% in the 1st quarter. Wells Fargo & Company MN now owns 120,314 shares of the oil and gas company’s stock worth $1,409,000 after acquiring an additional 104,188 shares in the last quarter. 47.00% of the stock is owned by hedge funds and other institutional investors.

About Key Energy Services

Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. The company's U.S. Rig Services segment is involved in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance activities; and plugging and abandonment of wells at the end of their lives, as well as provision of specialty drilling services to oil and natural gas producers.

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Analyst Recommendations for Key Energy Services (NYSE:KEG)

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