David J. Brunnert Sells 2,868 Shares of Key Energy Services, Inc. (KEG) Stock
Key Energy Services, Inc. (NYSE:KEG) COO David J. Brunnert sold 2,868 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $15.00, for a total transaction of $43,020.00. Following the transaction, the chief operating officer now directly owns 70,042 shares in the company, valued at $1,050,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Key Energy Services, Inc. (KEG) opened at $16.12 on Thursday. Key Energy Services, Inc. has a twelve month low of $8.20 and a twelve month high of $38.00.
KEG has been the topic of a number of recent research reports. Johnson Rice initiated coverage on shares of Key Energy Services in a research report on Thursday, September 21st. They set an “accumulate” rating on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 target price on shares of Key Energy Services in a research report on Tuesday, September 19th. Seaport Global Securities raised shares of Key Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.17.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in Key Energy Services in the second quarter valued at $654,000. Boston Partners acquired a new stake in Key Energy Services in the third quarter valued at $2,242,000. Schwab Charles Investment Management Inc. acquired a new stake in Key Energy Services in the second quarter valued at $339,000. Northern Trust Corp acquired a new stake in Key Energy Services in the second quarter valued at $1,723,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Key Energy Services in the second quarter valued at $526,000. 49.21% of the stock is currently owned by hedge funds and other institutional investors.
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About Key Energy Services
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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