Vanguard Group Inc grew its position in Key Energy Services Inc (NYSE:KEG) by 5.0% in the third quarter, HoldingsChannel.com reports. The fund owned 548,065 shares of the oil and gas company’s stock after acquiring an additional 26,131 shares during the quarter. Vanguard Group Inc’s holdings in Key Energy Services were worth $6,270,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the business. Federated Investors Inc. PA lifted its position in shares of Key Energy Services by 44.0% in the third quarter. Federated Investors Inc. PA now owns 145,715 shares of the oil and gas company’s stock worth $1,667,000 after purchasing an additional 44,540 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Key Energy Services by 5.0% in the third quarter. Vanguard Group Inc. now owns 548,065 shares of the oil and gas company’s stock worth $6,270,000 after purchasing an additional 26,131 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of Key Energy Services in the third quarter worth approximately $1,343,000. Renaissance Technologies LLC purchased a new stake in shares of Key Energy Services in the third quarter worth approximately $257,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Key Energy Services by 517.1% in the third quarter. Dimensional Fund Advisors LP now owns 92,756 shares of the oil and gas company’s stock worth $1,062,000 after purchasing an additional 77,726 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Key Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 22nd. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Piper Jaffray Companies lowered shares of Key Energy Services from an “overweight” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Monday, November 19th. Seaport Global Securities set a $9.00 price target on shares of Key Energy Services and gave the stock a “buy” rating in a research report on Friday, December 7th. Finally, Capital One Financial lowered shares of Key Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.25.

KEG traded down $0.05 during midday trading on Monday, hitting $1.81. 23,358 shares of the company’s stock traded hands, compared to its average volume of 181,328. The firm has a market cap of $37.75 million, a PE ratio of -0.29 and a beta of 2.57. Key Energy Services Inc has a one year low of $1.59 and a one year high of $18.40.

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Key Energy Services Company Profile

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

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