Key Energy Services (NYSE:KEG) was upgraded by investment analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a report released on Wednesday.

KEG has been the subject of a number of other research reports. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Evercore ISI initiated coverage on shares of Key Energy Services in a research report on Tuesday, September 5th. They set an “in-line” rating for the company. Johnson Rice initiated coverage on shares of Key Energy Services in a research report on Thursday, September 21st. They issued an “accumulate” rating for the company. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price target on shares of Key Energy Services in a research report on Tuesday, September 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.17.

Key Energy Services (NYSE KEG) opened at $11.22 on Wednesday. Key Energy Services has a 1 year low of $8.20 and a 1 year high of $38.00.

In other Key Energy Services news, Director Scott D. Vogel purchased 25,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $9.00 per share, with a total value of $225,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of hedge funds have recently modified their holdings of KEG. Fine Capital Partners L.P. raised its holdings in shares of Key Energy Services by 59.5% in the 3rd quarter. Fine Capital Partners L.P. now owns 1,004,038 shares of the oil and gas company’s stock valued at $13,223,000 after purchasing an additional 374,492 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Key Energy Services by 20.2% in the 2nd 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 raised its holdings in shares of Key Energy Services by 26.0% in the 2nd 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. Balyasny Asset Management LLC raised its holdings in shares of Key Energy Services by 18.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 227,534 shares of the oil and gas company’s stock valued at $4,378,000 after purchasing an additional 35,762 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Key Energy Services in the 3rd quarter valued at $2,242,000. 49.21% of the stock is owned by 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.

Analyst Recommendations for Key Energy Services (NYSE:KEG)

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